Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, April 17, 2015

Nuclear power needs government subsidies, but struggles to make the case for them

Nuclear power needs government subsidies, but struggles to make the case for them, Houston Chronicle (column), April 16, 2015. Chris Tomlinson: "Subsidies and incentives, though, are problematic. The Republican-controlled Congress and the Republican-controlled Texas Legislature are openly hostile to subsidies for wind and solar energy and want to phase them out. Now is not the time to ask for additional subsidies for nuclear power. But even if the political mood were more sympathetic, historically, government incentives were designed to help new technologies get started, not to underwrite existing businesses that are not competitive. Instead of spending billions helping nuclear power, those dollars might better be spent on new energy storage technologies for renewable power or even more advanced nuclear technologies." Chris Tomlinson is a business columnist for the Houston Chronicle. http://www.houstonchronicle.com/business/columnists/tomlinson/article/Nuclear-power-needs-government-subsidies-but-6204638.php?t=3ef0e49a6d&cmpid=twitter-premium

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