Augustine Beach, Delaware 7-14-2014 The Salem Nuclear Power plant located at the Hope Creek Generating Station in New Jersey as seen from across the Delware Bay in Augustine Beach. Credit: Mark Reinstein (Photo by Mark Reinstein/Corbis via Getty Images)
Mark Reinstein | Corbis Historical | Getty Images
The sweeping Inflation Reduction Act that President Joe Biden signed last week includes $369 billion in funding to help combat climate change. As part of that, the law includes significant help for the nuclear energy industry.
Overall, the provisions in the law could decrease greenhouse gas emissions by 37% to 41% under 2005 levels by the year 2030, according to an analysis by Energy Innovation, a policy modeling company. Some of the most widely touted provisions in the IRA include electric vehicle tax credits, and rebates for heat pump installation in homes and solar panel installation on home roofs.
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It also includes significant benefits for the nuclear industry, as energy generated with nuclear reactors generates no greenhouse gases. Nuclear advocates are celebrating the law as a win.
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