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United Kingdom · Question · Written question

HL HL6184

Nuclear Power: Finance

answeredUnited Kingdom· UK Parliament· EN

Introduced

25 June 2020

Last action

9 July 2020 · Answer

Status

Answered

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Subjects

Nuclear energy

Source updated

9 July 2020

Nuclear energy

Summary

To ask Her Majesty's Government what plans they have to finance new nuclear generation through (1) the use of long-term borrowing, and (2) partnering with the private sector, in order to achieve their net-zero target for greenhouse gas emissions by 2050.

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Timeline

  1. 25 June 2020

    Written question

    To ask Her Majesty's Government what plans they have to finance new nuclear generation through (1) the use of long-term borrowing, and (2) partnering with the private sector, in order to achieve their net-zero target for greenhouse gas emissions by 2050.

    Source: Lords

  2. 9 July 2020

    Answer

    We are looking at options for the financing of new nuclear projects. In 2019, we consulted on a Regulated Asset Base as a possible funding model for future nuclear projects. We will respond to the consultation in due course.

    Source: Written answer

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