Canada’s nuclear drive picks up speed [Reuters] (www.reuters.com)

submitted 2 years ago by Sigma_@lemmy.world to c/canada@lemmy.ca

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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.

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[-] Sir_Osis_of_Liver@kbin.social 3 points 2 years 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 points 2 years 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.