Nuclear Gets The Green Light In Hunt's Budget

The UK Chancellor Jeremy Hunt has acknowledged the green potential of nuclear power by classifying it as environmentally sustainable. This will allow nuclear access to the same financial investment opportunities as other green energy sources, such as wind, and cement the UK's position as leaders in green energy.

The Chancellor also announced plans for Great British Nuclear with the aim of generating a quarter of UK electricity by 2050. With the ongoing electrification of the UK economy and a move towards electric vehicles, this is a very important step in securing the UK's energy supplies and providing highly-paid, skilled jobs in the UK. With the predicted large increase in electricity usage by 2050, nuclear, along with wind, will likely become the backbone of the UK's electricity grid.