nuclear-news

Opinion:

¶ “What I Saw in China Will Help Change the World” • Air pollution is blamed for 1 million premature deaths a year in China and for reducing life expectancy by nearly 25 months. China alone accounts for 27% of the global carbon footprint. But the country is doing a lot to fight climate change . [Natural Resources Defense Council]

Guilin, China. Please click on the image to enlarge it.

¶ “Institutional investors are heeding climate warnings. Should you, too?” Most people recognize that climate change is a risk for life on Earth. But a warming planet is likely to be dangerous to investment portfolios, too. Institutional money managers are coming to realize it, and retail investors should pay heed as well. [The Globe and Mail]

Science and Technology:

¶ The report, State of the Climate in 2015, showed 2015 set a record as hottest…

New York approved a $7.6-$10 billion subsidy to prop up uncompetitive nuclear power plants–twice as much money as it will take for the state to achieve a goal to generate 50% of its electricity with renewables by 2030.

Yesterday, New York became the first state to adopt a policy to subsidize aging, uncompetitive nuclear reactors. The state’s Public Service Commission, which regulates utility companies, passed a Clean Energy Standard that combines a 50% renewable energy standard by 2030 with massive subsidies to prop up uneconomical reactors. (You can download the whole PSC order here.)

Prepare yourself for loud celebrations from the nuclear industry, heaping praise on New York Governor Andrew Cuomo and calling for other states to emulate the Empire State with lucrative incentives to insulate the nuclear industry from competition and to postpone closures of uneconomical reactors.

We hate to throw water on the parade, but the move actually…