Canada has introduced a tax credit that confirms it considers nuclear power to be “clean energy” on par with all other low-carbon technologies, including renewables.
In a fiscal update on 3 November the federal government introduced an investment tax credit of up to 30% for clean energy technologies, including small modular reactors.
The government also indicated that it will consult on additional technologies, including large-scale nuclear.
“Including nuclear in the investment tax credit for clean energy technologies is a major step forward for the industry and great news for our climate and economy,” John Gorman, the Canadian Nuclear Association’s president and chief executive officer said.
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