The passage of the Inflation Reduction Act places a huge spotlight back on global decarbonization efforts promoting the use of clean and energy sources.
The passage of the Inflation Reduction Act (IRA) places a huge spotlight back on global decarbonization efforts promoting the use of clean and renewable energy sources. The law provides for $430 billion towards investment in clean energy technologies and the reduction of greenhouse gas emissions. Nuclear energy is arguably the cleanest zero-emission energy source producing electricity by splitting uranium atoms to create heat that generates steam to spin turbines. Fears of major nuclear disasters of the past including Fukushima in 2011 or Chernyobl in 1986, and Three Mile Island in 1979 deter many from embracing the benefits. There are also extremely high barriers to entry from a regulatory standpoint. In fact, the U.S. has no reprocessing or recycling locations. The country has only a single operating […]
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