USA

The Economics Failure of Nuclear Power and the Development of a Low Carbon Electricity Future: Why Small Modular Reactors are Part of the Problem, Not the Solution

This paper examines the fundamental choice policymakers are being asked to make. It reviews the prospects for nuclear technology in light of the past and present performance of nuclear power (Section I), assesses the economic and safety challenges that SMR technology faces (Section II) when confronting the alternatives that are available today (Section III), and the trends that are transforming the electricity sector (Section IV).

Estimating U.S. Government Spending on Coal: 2002 - 2010

This analysis identifies a number of federal programs supporting coal, including some that while not directly targeted at coal provide significant benefit to the coal sector.  In total these subsidies provided approximately $25.4 billion in financial support for coal production, transport, use, or waste disposal during the period 2002-2010. The majority of these dollars - $16.2 billion - are attributable to tax benefits. Of these tax benefits, the single largest category was the non-conventional fuels tax credit, providing $12.22 billion to coal.

Taxpayer Supports for Corn Ethanol in Federal Legislation April 2013

Since its creation of the domestic market for corn ethanol after the energy crisis of the 1970s, the federal government has nurtured and maintained the ethanol industry with a steady stream of subsidies. Originally sold as a way to achieve energy independence and reduce greenhouse gas emissions, ethanol has been a favorite of many lawmakers: ethanol producers have received favorable treatment under the tax code, tariff protection from foreign competition, and even a government mandate for its use.

Taxpayer Subsidies for Small Modular Reactors

The Department of Energy (DOE) is asking Congress to provide hundreds of millions in subsidies to commercialize small modular reactors (SMR). First proposed in the 2011 budget, the Administration has committed to providing more than $500 million dollars for licensing support and research and development for these downsized nuclear reactors. A fraction of the size of conventional-scale reactors, SMRs would be manufactured by assembly line and transported by truck, ship, or rail to their destinations.

New Report Raises Troubling Questions for Vogtle Nuclear Project

A group of environmentalists says taxpayers should be worried about extending an $8 billion credit line to Georgia Power's Plant Vogtle nuclear expansion project in Augusta.

To kickstart more nuclear development, the Obama administration in 2010 conditionally committed the government to the massive loan.

Sara Barczak, an attorney with the Southern Alliance for Clean Energy, says given ongoing project delays and cost overruns, taxpayers should be leary of the investment.

Nuclear Opponents Invoke Solyndra

While no nuclear loan guarantees have been granted, one has nonetheless been promised to the companies now building the Vogtle 3 and 4 reactors, near Augusta, Ga. It is not clear whether those builders, led by the Southern Company, will actually accept a federal guarantee; Southern says it has been shopping in the private market.