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The US Inflation Reduction Act (IRA) has been sent to President Joe Biden to be signed into law after the House of Representatives approved it by 220 votes to 207. The US Senate voted to pass it on 7 August. The $433 billion IRA seeks to tackle record inflation, lower healthcare costs, and increase energy security, paid for through corporate taxes. It includes $369 billion in climate and energy investments with support for both new and existing nuclear energy.
- Source: NEI Magazine
- Date: Friday, 19 August 2022
- Original article: neimagazine.com/news/newsinflation-reduction-act-passed-by-the-us-house-9937136
The $433bn (€427bn) Inflation Reduction Act (IRA) has been welcomed by the US nuclear energy industry as “sending a clear signal that nuclear is essential to the transition toward a carbon-free economy”.
Maria Korsnick, president and chief executive officer of the Washington-based Nuclear Energy Institute, said investment and tax incentives for both large, existing nuclear plants and newer, advanced reactors, as well as Haleu (high-dosage low-enriched uranium) and hydrogen production, set nuclear energy on a level playing field, “ensuring that nuclear can form the backbone of a stable electric grid that also includes large shares of wind and solar”.
- Source: Nucnet
- Date: Friday, 19 August 2022
- Original article: nucnet.org/news/biden-signs-into-law-new-legislation-that-could-help-nuclear-8-4-2022