Incentives for new nuclear will help recovery from Coronavirus, says NEA
Governments should incentivise investments in low carbon energy infrastructure such as nuclear energy in the aftermath of the coronavirus pandemic, the Nuclear Energy Agency said in a series of policy briefs published on Wednesday.
The Paris-based agency said “proper policy and market frameworks” are needed to incentivise investment in essential infrastructure that supports low-carbon electricity security and economic development.
It called for “targeted government support for nuclear energy projects” and said there is “a window of opportunity” for governments to support sustained cost reductions in nuclear energy through new-build decisions. This would reinforce the process of “learning by doing” and lead to reductions in construction costs.