Keywords: nuclear energy, nuclear power, nuclear strategy, markets, business, energy policy, UK, United Kingdom, Finland, critical evaluation, energy security, energy supply, energy strategy, European Union, EU energy policies
Nuclear energy strategies in the UK and Finland: a critical evaluation on current and future prospective
Nuclear strategies of the UK and Finland are a widely debated area. With power plants, both fossil fuelled and nuclear powered, in the two countries about to expire, now is the time to make decisions to take their energy security and supply well into the forthcoming century. With this in mind, policies have been made within the European Union to reduce 20% carbon emissions by 2020 and 60% by 2050. With the current energy strategy relying heavily on fossil fuels, the new strategy must be implemented with the highest degree of consideration, accuracy and flexibility in order to remedy the problem and set an example for the rest of the world. Investigation of the future nuclear market strategies is a need of various investors, plant operators, vendors and companies working in this industry. This paper aims to make their vision clearer about the industry, its requirements and future prospects.