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U.S. eyes nuclear reactor tax credit to meet climate goals -sources
reuters ^

Posted on 05/05/2021 11:36:52 AM PDT by qwerty1234

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters.

New subsidies, in the form of "production tax credits," would likely be swept into President Joe Biden's multi-trillion-dollar legislative effort to invest in infrastructure and jobs, the sources said.

Wind and solar power producers already get these tax rebates based on levels of energy they generate.

Biden wants the U.S. power industry to be emissions free by 2035. He is asking Congress to extend or create tax credits aimed at wind, solar and battery manufacturing as part of his $2.3 trillion American Jobs Plan.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government
KEYWORDS:
Get ready for some liberal heads to explode ....
1 posted on 05/05/2021 11:36:52 AM PDT by qwerty1234
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To: qwerty1234

We need nuclear power plants to light the solar farms so they can run 24 hours per day.


2 posted on 05/05/2021 11:40:56 AM PDT by KarlInOhio (Police should refuse duty at NBA venues. Let them wallow in their desired chaos without police.)
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To: qwerty1234

Regulate the hell out of it, impose all kind of obstacles, and then add a tax credit.

That is a “keep government involved and fully employed” strategy


3 posted on 05/05/2021 11:41:47 AM PDT by glorgau
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To: qwerty1234

How ‘bout we shred the regulations that make nukes so hard to build in the first place. More nukes, smaller ‘carbon footprint.’ If they’re cheaper to build, we don’t have worry about subsidizing them.
Nukes are the only REAL Green Energy.


4 posted on 05/05/2021 11:47:17 AM PDT by Little Ray (Corporations don't pay taxes. They collect them.)
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To: glorgau

Now that “Dirty Harry” is gone, do we get to ship all of the nation’s nuclear waste to Nevada?

Congress has been ducking this issue for decades—they need to deal with it.


5 posted on 05/05/2021 11:53:35 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: qwerty1234

This is a bit encouraging. I think everyone knows that nuclear will have to grow a lot. I just hope this means new Gen 3/3+ reactors and 4 research. Keeping those old Gen 2s running for that much longer isn’t a good idea.


6 posted on 05/05/2021 11:57:21 AM PDT by Shadylake
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To: KarlInOhio
We need nuclear power plants to light the solar farms so they can run 24 hours per day.

Yes, pure genius. We also need to build giant fans to create an endless breeze to turn the wind turbines. And then (and this is next-level liberal thinking right here) we could install robots with hammers to periodically smash the solar panels. That would create who knows how many “good-paying green jobs” to repair them. We’ll all be rich!

7 posted on 05/05/2021 11:57:25 AM PDT by noiseman (The only thing necessary for the triumph of evil is for good men to do nothing.)
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To: qwerty1234

DOA. The problem with nuclear power is that it could meet the needs of this country for decades, at a minimum.


8 posted on 05/05/2021 12:08:08 PM PDT by BobL (TheDonald.win is now Patriots.win)
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To: cgbg

Nuclear “waste” is 95% usable fuel. Modern, affordable, intrinsically safe reactor designs can burn the waste as fuel, leaving only 5% residue (Which decays to harmless in about 300 years.)

Congress needs to tell the NRC to get the hell out of the way.


9 posted on 05/05/2021 12:20:07 PM PDT by Go_Raiders (The fact is, we really don't know anything. It's all guesswork and rationalization.)
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To: Go_Raiders

Sounds good—but it needs to be dealt with—one way or the other.


10 posted on 05/05/2021 12:24:14 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: qwerty1234

Libtard thinking: coal plants are destroying the planet, let’s go nuclear.


11 posted on 05/05/2021 12:26:43 PM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: cgbg

No!!! That so called nuclear waste only exists because the second half of the fuel cycle was borked by political whimsy. Ninety-five percent of spent LWR fuel is still U235 and a bit of Pu 239. This is a fueling resource for the start-up charge of a molten salt reactor. MSR also burn up the actinide byproducts, especially if the design uses fast rather than thermal neutrons.

Decades of operation for a vastly expanded fleet of MSR may be had, without resorting to a Thorium breeder cycle complicating the initial roll-out.


12 posted on 05/05/2021 1:06:23 PM PDT by Ozark Tom
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To: noiseman

Diesel generators lighting solar farms at night in Spain was a real thing. The feed-in tariffs for solar farms were so generous that it still made a profit. That is, until a forensic accountant noticed the power sales from solar after the sun was down!


13 posted on 05/05/2021 1:10:16 PM PDT by Ozark Tom
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To: qwerty1234

Not good enough, because it takes years to build infrastructure projects and Biden’s already proven he’ll waffle on it, approving and cutting off based on whoever in his base screams the loudest.


14 posted on 05/05/2021 1:35:04 PM PDT by tbw2
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To: qwerty1234

What a sad joke.

New smaller plants with reactors that are more refined than ever. It hasn’t mattered much when it comes to previous administrations, well, most anyway..

We should have been building them instead of massive battery&energy facilities and whacking birds and scorching their wings midflight with wind and solar gadgetry...

but NooOOOooo.. idiots like OAC and Biden have bigger pipedreams to pursue and for us all to endure.


15 posted on 05/05/2021 1:36:04 PM PDT by NormsRevenge (Semper Fi - Monthly Donors Rock!!! In CONgre$$ WE're Disgusted!! NMP!)
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To: qwerty1234
I'm uneasy about continuing to use nuclear power plants beyond their designed lifetimes. Sounds like an incredibly bad idea to me.

What we need is permission to build NEW, safer technology power plants rather than keeping the old ones going beyond their time.

I realize this is grossly oversimplified, and I'm not a nuclear engineer. JMO

16 posted on 05/05/2021 2:53:18 PM PDT by ZOOKER (Until further notice the /s is implied...)
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To: Little Ray

The US has been building and using small modular reactors to generate power safely and reliably for about fifty years. Maybe it’s time to put some of them on dry land.


17 posted on 05/05/2021 3:04:25 PM PDT by hinckley buzzard (resist the narrative.)
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To: Shadylake
I think everyone knows that nuclear will have to grow a lot

30 Years Later, This Big Boy Fusion Reactor Is Almost Ready to Turn On

ITER, is a 30-year-old project started by President Ronald Reagan and Soviet leader Mikhail Gorbachev. With tens of billions of dollars on the line, this experimental tokamak fusion reactor—a nuclear fusion plasma reactor where extremely hot, charged plasma spins and generates virtually limitless energy—is one of a handful of extremely costly “miniature suns” around the world.

“To get the atoms whipping around the inner chamber of the Russian-nesting-doll-like machine, a magnet will drive 15 million amperes of electricity through them,” Wired reports. “They'll also be zapped by 24 microwave generators and three semitruck-sized particle guns, until they reach 270 million degrees F and, avec optimisme, crash into each other, releasing heaps of energy.”

Sounds safe to me./s

18 posted on 05/05/2021 3:34:00 PM PDT by MAAG (Surely the Lord God does nothing Unless He reveals His secret counsel To His servants the prophets.)
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To: MAAG

Fusion is inherently safe. If it overloads, it blows out. Less energy, it blows out. I was talking about fission tech, but if they can get fusion to work all the better.


19 posted on 05/05/2021 3:37:40 PM PDT by Shadylake
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To: hinckley buzzard

I don’t care how they build more nukes, so long as they do it. I love nuclear power and would have no issues with them in my ‘back yard.’


20 posted on 05/06/2021 6:28:16 AM PDT by Little Ray (Corporations don't pay taxes. They collect them.)
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