Federal subsidies for nuclear plants?

May 5, 2021, 3:01PMANS Nuclear Cafe

The Biden administration has indicated to lawmakers that it supports federal subsidies for struggling nuclear power plants, Reuters reported this morning, citing sources familiar with the discussions.

The subsidies would be in the form of production tax credits, according to the report, and would likely become part of the president’s $2.3 trillion infrastructure plan.

“There’s a deepening understanding within the administration that it needs nuclear to meet its zero-emission goals,” states a Reuters source.

Last month, during the Leaders Summit on Climate, President Biden announced that the United States will target reducing greenhouse gas emissions by 50–52 percent by 2030, with the goal of achieving net-zero emissions by 2050 at the latest.

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