Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.) are already circulating a proposed amendment [PDF] to their own Climate Security Act that would alter the bill to include more explicit support for nuclear power.
The amendment calls for "a portion of funds, as determined necessary by the appropriate committees of jurisdiction," to be deposited into the Low- and Zero-Carbon Electricity Technology Fund already contained in the bill. This money would "fund a tax policy that will incentivize the manufacturing of nuclear project components in the United States." As the bill stands currently, the nuclear industry would be already be able to access this fund, as would any low- or no-carbon technology. The amendment would carve out specific monetary support for the nuclear industry, while other renewable sources would have to contend for the remaining pot of money.
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Comments View as Flat
mika2 Posted 8:52 am
24 May 2008
Lieberman the fool
If nuclear energy is more cost effective than oil, coal or other alternatives it doesn't need a subsidy. The facts are really quite clear and that's why a nuclear reactor hasn't been ordered for 30 years. As any fool knows however, to paraphrase, subsidize it and they will come.
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