Jack Spencer outlines reforms to American nuclear power in RealClearEnergy.
- Expanding nuclear energy will be done by modernizing regulations and investing in cutting edge innovation.
- One reform that policymakers should consider is allowing private entities to review permit applications and conduct other regulatory review work to lighten the load on the Nuclear Regulatory Commission and bring more projects online.
- Developers and private entities should also be allowed to oversee and process spent nuclear fuel.
- By shifting the responsibility on the private sector, companies would be incentivized to invest in down blending and fuel recycling, which would ultimately reduce our dependence on Russian uranium.
“There is no question that these proposed reforms are a major departure from the status quo, but they are reasonable, not radical. They would foster good governance and economic progress in the industry. As COP28 representatives discuss how to reduce carbon while raising global living standards, nuclear energy should be on the front burner.”
Read the full article here.