Energy White Paper

Our political unit has been trawling through the fine print of this morning's nuclear White Paper. Here's their initial analysis, outlining some of the more subtle ways the government has understated the real risks to the taxpayer and the lack of clarity on economics:

• The White Paper shows how nuclear companies will be able to cap their liabilities, leaving the tax payer exposed if estimates for dealing with waste change.
• It openly admits the government will have to provide extra money if cost estimates are wrong.
• It uses questionable financial estimates to build the nuclear economic case.

Bad energy: inefficient centralised energy generation is a major contributor to global warming

Over the next decade, Britain needs to invest tens of billions on renewing its dilapidated energy infrastructure. Many of our current nuclear, coal and gas power stations will close, and the electricity transmission and distribution grids themselves will need replacement.

Which provides us with a once-in-a-generation chance for the government to redesign our energy market. We have the perfect opportunity to go for maximum environmental efficiency, whilst ensuring energy security and reliability of supply.

Back in the summer of 2001 there was much talk of a nuclear renaissance. Brian Wilson, a passionate advocate of nuclear power, was appointed Energy Minister and Tony Blair made several supportive statements.