SocialismToday           Socialist Party magazine

Socialism Today 114 - December 2007/January 2008

Nuclearís hidden subsidy

ON RADIO FOURíS Today programme on September 7, John Hutton MP, Secretary of State, Business, Enterprise & Regulatory Reform, repeated what the government has said on previous occasions: that no subsidies would be provided for new nuclear power stations.

But in the UK, as in many other countries around the world, nuclear power enjoys a very large subsidy because it is required to pay only a small fraction of the cost of insuring fully against a Chernobyl-style disaster or worse. Details of the size of this subsidy are given in Helen Caldicott's book, Nuclear Power Is Not The Answer (ISBN-13 978-1-59558-067-2).

If the government is serious in saying that there would be no subsidies for nuclear power, then it should require the nuclear industry to pay the full cost of insuring against nuclear disasters, without any limitations on liabilities.

Dr Gerry Wolff



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