nuclear-news

The West is spending big on nuclear plants again – and taking taxpayers along for the ride.

 One question separates announced but purely hypothetical nuclear power
plants from those that actually stand a chance of being built: Who’s
going to pay for them?

In China and Russia, which dominated reactor
construction for the past few decades, governments provided the funds.
Advanced economies placed much greater emphasis on private capital. That
approach was intended to impose greater commercial discipline and protect
the public purse but led to very few reactors being built in the West.

Yet in 2025, Western governments returned to funding nuclear plant
constructions. Prime Minister Mark Carney and Ontario Premier Doug Ford
stood shoulder-to-shoulder in October before a full-sized replica nuclear
reactor used for training, as they committed a combined $3-billion to a new
nuclear power station in the early stages of construction in Clarington,
Ont., next to the Darlington Nuclear Generating Station.

 Globe and Mail 27th Dec 2025, Matthew McClearn, https://www.theglobeandmail.com/business/article-nuclear-plants-expansion-west-public-funding-taxpayers/

December 31, 2025 - Posted by Christina Macpherson | politics international