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.

  • Sir_Osis_of_Liver@kbin.social
    3·
    1 year ago

    Many of them have been 2-3 years late, but Taishan-1&2 was 6 years late. Instead of less than 4 years, it took a bit over 10.

    But you can’t realistically compare construction projects in China to those in the West based on labour and environmental regs alone.

    • zephyreks@lemmy.ca
      1·
      1 year ago

      Hasn’t China been pretty good about environmental/labour regs in their nuclear industry? I seem to remember reading that their nuclear industry is more tightly regulated than general industry because, y’know, nuclear.