Dipka Bhambhani of Forbes reports that Biden will continue Trump’s support for nuclear energy.
- In order to reduce our carbon emissions, nuclear energy production must be scaled up.
- Nuclear faces regulatory barriers, such as licensing fees, that must be addressed.
- The United States could lower the cost of building new reactors through a financing partnership with our allies.
“’Building new reactors and bringing first-of-a-kind reactors to demonstration involve high capital costs and financial risk, for the purchasing party as well as the vendor. If the United States is to play a role at all in building new nuclear plants, it must address the challenges inherent in financing new nuclear builds; one mechanism to do this is through partnering with close US allies to co-finance new nuclear projects.’”
Read the full article here.