Global Energy News Roundup: January 17

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every week. Please visit our page on Twitter via @forumonenergy

U.S. Representatives Introduce Pro Nuclear Power Legislation 

On January 8th a group of U.S. congressmen introduced legislation that would provide tax credits for emission-reducing green technologies, including nuclear energy. The bill, titled the Energy Sector Innovation Credit Act of 2019 was introduced by Reps. Tom Reed (R-NY), Jimmy Panetta (D-CA), Darrin LaHood (R-IL), Tom Suozzi (D-NY), David Schweikert (R-AZ) and Josh Gottheimer (D-NJ). Main provisions of the legislation include:

  • Helps cutting-edge technologies break into the market.
  • Naturally phases down the tax credit as each technology becomes commercially viable.
  • Brings new technologies to the market to quickly and cheaply reduce global emissions.
  • Ensures the United States remains a leader on clean energy technology development and deployment.
  • Leverages new private investment in budding clean technologies through a tech-neutral approach.

Of his legislation, Rep. Tom Reed said: “Our climate is changing. There is no denying this…We must unleash the greatest asset we have available to prevent this pending crisis – the power of American ingenuity and innovation. This tactic has proven time and time again to solve world problems – and this situation will be no different. By offering a tax incentive for new energy technologies we will increase energy on the grid, ensure unneeded energy is not financially rewarded and thus unnecessarily produced, help cutting-edge technologies break into the market, incentive older energy sources to innovate and slash global emissions.”

For more information, please see here.

Source: The Washington Examiner, Rep. Tom Reed


Spent MOX Fuel Removal Begins at Ikata Nuclear Plant

Workers have begun removing spent MOX fuel from the No. 3 reactor at the Ikata nuclear power plant. It has not been decided how to ultimately dispose of the fuel so it will be stored in pools on the premises temporarily. The fuel is a mix of plutonium and uranium and MOX fuel is currently used in four reactors at three nuclear plants in Japan for pluthermal power generation. The central government has been promoting the use of pluthermal power generation as it is an effective use of uranium imported by Japan.

Source: The Asahi Shimbun