In the past the high set-up costs for nuclear power was largely shouldered by the state through public funding. However, while appearing to support the nuclear option, current UK leader Tony Blair also seems to be keen for public money to not be involved.
To satisfy both goals Malcolm Wicks has proposed carbon pricing, the Guardian has reported. The energy minister believes the system will attract private investment in nuclear power because it pushes the price up for ‘dirtier’ carbon-sourced energy, therefore making it less attractive to consumers.
Mr Wicks is also confident that such a system would equally promote renewable energy options.
