Ukraine is one of the most energy intensive countries in the world, a combination of both large consumption by heavy industry and poor efficiency in the whole energy sector. As prices for energy in the region reach world market levels, Ukraine will find itself increasingly unable to provide income to meet its fuel bills and the critical state of the country's economy will worsen.
If the G7 is serious about helping Ukraine, the grants and loans it can provide should be directed at improving the efficiency of energy use there. The G7 money invested in energy efficiency could obviate the need for the two new reactors, as well as allowing the closure of Chernobyl.
The UK knows that nuclear power is uneconomic. John Major should be calling for a sensible and sustainable energy policy at the forthcoming G7 meeting.
London N1Reuse content