Spring Budget 23: Chancellor confirms nuclear power to be classed as 'green'

'Investment incentives'

The Chancellor of the Exchequer Jeremy Hunt confirmed nuclear energy will be classed as environmentally sustainable in today's Spring Budget (15 March).

Hunt claimed the proportion of electricity generated from renewables has increased from under 10% when the Conservative party came to power to almost 40%, but said "the wind does not always blow and the sun does not always shine - even under the Conservatives." He added that the UK will "need another critical source of cheap and reliable energy - and that is nuclear". "Increasing nuclear capacity is vital to meet our net-zero obligations," Hunt continued. "So to encourage private sector investment into our nuclear programme, today I confirm that subject to consultation nuclear power w...