Bridget Woodman

Local Enterprise Partnerships and the low-carbon economy: Front runners, uncertainty and divergence:

Continued growth of the low-carbon economy during the recent economic downturn has driven increased focus on the role of this sector in re-establishing the dynamism of the UK economy. At the same time, local economic governance has undergone a rapid phase of reorganisation with the development of Local Enterprise Partnerships (LEPs). This article examines the approach of LEPs to the low-carbon economy, drawing on documentary analysis and interviews with LEPs and other local economic development actors. It reviews the extent to which LEPs are prioritising low-carbon growth and concludes that, whilst some areas are embedding green growth, progress is highly variable due to uncertainties regarding the national decarbonisation agenda and the lack of an explicit requirement from Government. A lack of consensus regarding what constitutes green growth and a focus by LEPs on large-scale low-carbon projects may be limiting progress in areas, such as energy efficiency, that may deliver multiple economic, environmental and social objectives. Conflicting themes of centralisation and decentralisation are also evident in the low-carbon policy landscape, highlighting a need for greater dialogue between the central and local scale to explore the diversity of local low-carbon economy pathways.

Risk, Economics and Nuclear Power

This chapter analyses the key areas that will have to be addressed to make nuclear power an attractive investment. It assesses the cost of nuclear power – something always difficult to pin down. It explains the various risks involved in building a new nuclear power plant – whether technological, investment, market, institutional, political, financial, capacityrelated and so on. It also looks at what has been done in Finland and the United States to support nuclear power. Overall, it argues that the economics of nuclear power are so uncertain and the risks of delivering meaningful levels of new nuclear power plants so great, that it is far less risky and far more rational to develop other non-nuclear energy options.