Public Policy & Engagement

Foster

New and existing nuclear reactors are among our most powerful tools if we hope to make a meaningful contribution to climate change before 2050. We don’t have a lot of time to reduce emissions to avoid catastrophic warming. It is our responsibility to develop a comprehensive response to address our dependence on fossil fuels, promote sustainable energy use, and invest in new energy technologies.

Science and engineering continue to make great strides in energy-­related technologies such as advanced nuclear reactors, long-­term energy storage, fusion energy, and the safe and secure handling of spent nuclear fuel. Using every viable tool to combat climate change will help ensure a safer world for us and for generations to come.

Notwithstanding the snubbing of nuclear in its recently released Green Bond Framework, the Canadian government is showing support for small modular reactors in its 2022 budget plan, which was presented to the House of Commons by the minister of finance, Chrystia Freeland, on April 7.

According to the Canadian Nuclear Association, “This is the first documented government policy that provides explicit financial support for SMRs as a key solution for climate change.”

Risch

Manchin

Sens. Joe Manchin (D., W.Va.) and Jim Risch (R., Idaho) recently introduced the International Nuclear Energy Act of 2022, a measure aimed at developing a strategy to counter the growing influence of Russia and China on the global civil nuclear export market.

Manchin is chairman of the Senate Energy and Natural Resources Committee, and Risch is the ranking member of the Foreign Relations Committee.

Bill basics: The legislation, according to the lawmakers, would:

• Establish an office to coordinate civil nuclear exports strategy, establish financing relationships, promote regulatory harmonization, enhance safeguards and security, promote standardization of licensing framework, and create an export working group.