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Limiting Emissions will result in Investment in the UK's Nuclear Energy Sector
GlobalData, Aug 2010, Pages: 6
Limiting Emissions will result in Investment in the UK’s Nuclear Energy Sector
Summary
The Climate Change Act 2008 makes the UK the first country in the world to have a legally binding long-term framework to reduce carbon emissions. This act also establishes a legal framework for building adaptability to climate change. The climate change bill was passed in the UK’s parliament in November 2007, and was enacted by Royal Assent in November 2008. The bill was introduced to have a clear, credible, long-term framework for the UK to achieve its targets of reducing carbon dioxide emissions and ensure that necessary steps are taken towards adapting to the impacts of climate change. The UK was the first country in the world to show its interest in launching climate change. The country committed to climate change by setting huge targets and pursuing ambitious policies both domestically and internationally. The UK has already shown progress in reducing domestic emissions and planning strategies to reach emission targets by 2050. The introduction of the climate change bill and steps planned to reduce emissions will make the country to become a low-carbon economy over a period of time. However, this will be possible only by increasing the nuclear power share in the country’s total power generated during the period 2010-2050. Nuclear power is considered to be safe, reliable and cost effective while producing no greenhouse gas emissions directly from electricity generation. Nuclear power plays a key role in achieving the emissions targets set by the UK resulting in huge investments in building the new nuclear power generation facilities.
Scope
- The report discusses the UK's Climate Change Act 2008 and its impact on the growth of the nuclear industry
- The report highlights the Carbon Budgeting and the UK’s carbon emission reduction targets
- The report analyzes the importance of the UK’s carbon emission reduction targets in understanding the investment opportunities in the country
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Gain understanding of the UK’s carbon emission reduction targets.
- Facilitate decision making by understanding the UK’s key plans in reducing its emission targets and nuclear strategies that are needed
- Understand the potential investment opportunities in the UK for nuclear players across the value chain
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