By Duggan Flanakin ~
Now that the International Thermonuclear Experimental Reactor [ITER] is under construction, the playing field for the planet’s energy future has shifted. Given even the most promising lead time for fusion viability is decades ahead, nuclear fission will have to compete with both fossil fuels and so-called renewables for market share.
So where are we?
Well, just last month the U.S. International Development Finance Corporation (DFC) finalized a change to its Environmental and Social Policy and Procedures that lifts its legacy prohibition on supporting nuclear energy projects abroad. The change aligns the DFC’s definition of renewable energy with that of the U.S. Energy Information Administration.
The DFC, with a total investment limit of $60 billion, supports projects in emerging markets through equity financing, debt financing, political risk insurance, and technical development. U.S. companies have lamented the difficulties of competing globally on nuclear technology with countries such…
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