Canada’s nuclear drive picks up speed
www.reuters.com
Canada’s plans to make nuclear power a central part of its decarbonization strategy are taking shape with major announcements around large nuclear builds, small modular reactors and medical isotopes.

The Federal Budget 2023, announced in March, showed strong support for nuclear power.

The budget offers a 15% refundable Investment Tax Credit (ITC) for clean electricity including nuclear and a 30% ITC for clean technology manufacturing (including nuclear energy equipment, and processing or recycling nuclear fuels).

The budget also explicitly backs nuclear power through a range of other initiatives, such as an extension of reduced tax rates, financing from the Canada Infrastructure Bank, cash for the regulatory authority, and half a billion dollars in SMR project investment.

  • CanadianCorhen@lemmy.ca
    7·
    1 year ago

    I would love to see some new, big reactors to get us away from coal and natural gas! There is no way to get fully off polluting energy sources without a nuclear (and hydro) backbone