• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days Does Toyota Know Something That We Don’t?
  • 21 hours America should go after China but it should be done in a wise way.
  • 7 days World could get rid of Putin and Russia but nobody is bold enough
  • 9 days China is using Chinese Names of Cities on their Border with Russia.
  • 10 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 10 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 10 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 9 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Putin and Xi Bet on the Global South
  • 10 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 11 days United States LNG Exports Reach Third Place
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Carbon Nitride: A Breakthrough in Material Science

Carbon Nitride: A Breakthrough in Material Science

University of Edinburgh scientists have…

Senators Propose Pro-Nuclear Tax Amendment

Three Senators have proposed an amendment to tax credits to boost the competitiveness of nuclear power, Reuters reports, adding that the proposal is part of a wider energy reform bill that was voted on yesterday in the Senate.

"We're in danger of seeing the premature closing of the nuclear reactors in this country," one of the sponsors of the nuclear bill, Democrat Ben Cardin, said.

Cardin's fellow Senators have yet to vote on the bill, which will be after it is refined.

Nuclear energy is an emission-free form of electricity generation, but it has a bad reputation because of devastating—although extremely rare—accidents such as the Chernobyl meltdown and the Fukushima disaster.

Some environmentalist groups do not consider nuclear power clean at all. Others do see a place for it in the emission-free vision of the future. The latter include none other than the International Energy Agency itself.

"Without policy changes, advanced economies could lose 25% of their nuclear capacity by 2025 and as much as two-thirds of it by 2040," the agency warned in 2019. As a result of this, the IEA went on to say, the planet could suffer as much as 4 billion tons of carbon dioxide in additional emissions.

In the United States, nuclear power plants have suffered not just bad reputation but intense competition from cheap, abundant gas and renewables, which do not require the steep upfront investment that a nuclear power plant requires.

The Biden administration has signaled a favorable position on nuclear power, however, which means there is a chance for this form of energy to lose some of its stigma. Indeed, nuclear is part of the American Jobs Plan.

ADVERTISEMENT

"Among broader energy sector investments, the plan would support the development and demonstration of advanced nuclear energy, a clean energy technology critical not only for meeting mid-century climate goals but for ensuring a more resilient energy infrastructure in the decades to come," said the executive director of the Nuclear Innovation Alliance, Judi Greenwald, at the time.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News