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Russia allocates $35m for construction of fast neutron nuclear reactor

Publish date: November 17, 2005

On November 14th , the Russian Finance Minister Alexey Kudrin announced that funding of 1 billion rubles ($35 million) has been included in next year’s federal budget for construction of the BN-800 fast neutron reactor at the Beloyarsk nuclear power plant.

Despite the promises to support the new reactor in the Russian State Duma in March, the nuclear plant will receive only $35m instead of $210m needed for the next year. This year, the Beloyarsk NPP received no money at all for the new reactor construction, and the plant had to use its own money to continue the construction. The lifetime of Russia’s only fast-breeder reactor, the BN-600 at the Beloyarsk NPP, ends in 2010. The new reactor unit’s price is $1.8 billion and can be finished only in 2012-2015 with the current scarcity financing. So, the lifetime of the BN-600 is likely to be extended, UralPolit.ru reported.

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The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.