The London-based Nuclear Industry Association has joined forces with RenewableUK and Solar Energy UK to call for urgent action to build new nuclear, wind and solar capacity and for a binding target of 100% grid decarbonisation by 2035.
The NIA is also calling for the government to endorse a financing model for new nuclear projects this year and to set out a plan to restore nuclear capacity to existing levels by the early 2030s.
The nuclear industry has been calling for the introduction of the regulated asset base (RAB) proposal for the financing of nuclear power plants. The government has already said the model has the potential to reduce the cost of raising private finance.
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