The Federal Budget 2023, announced in March, showed strong support for nuclear power.
The budget offers a 15% refundable Investment Tax Credit (ITC) for clean electricity including nuclear and a 30% ITC for clean technology manufacturing (including nuclear energy equipment, and processing or recycling nuclear fuels).
The budget also explicitly backs nuclear power through a range of other initiatives, such as an extension of reduced tax rates, financing from the Canada Infrastructure Bank, cash for the regulatory authority, and half a billion dollars in SMR project investment.
China seems to be able to churn out nuclear plants on a sub-5-year timeline…
Because they’ve built the production systems and talent to do it. Once you ramp up those systems then you can build quicker. We can’t anymore because of decades of anti-nuclear advocacy.
They also each discharge like 8-20 times the nuclear waste a year compared to the entire proposed discharge of Fukushima over the next 10 years.
Those plants are poorly built, like pretty much everything else over there. Just check how many hydro dams have broken this year so far.
Wasn’t the whole point of CANDU to be able to use nuclear waste?
Also, Fukushima literally sits in one of the most seismically active areas in the world in a country that’s notorious for having not enough land to build on. China has neither problem (neither does the US): you can’t build a Yucca Mountain in Japan.
Many of them have been 2-3 years late, but Taishan-1&2 was 6 years late. Instead of less than 4 years, it took a bit over 10.
But you can’t realistically compare construction projects in China to those in the West based on labour and environmental regs alone.