The New York State government has released a policy roadmap that could lead to $23.9bn in public subsidies for building nuclear power in the state. The plan aims to generate 5 gigawatts of new nuclear power by 2050, but private investors are unlikely to fund such projects unless the state covers unexpected construction costs. The options paper outlines four multi-billion-dollar schemes, with the total public cost ranging from $15.4bn to $23.9bn over 40 years. However, some lawmakers and union leaders are pushing for nuclear to be designated as a zero-emission energy source, while others are calling for a moratorium on state funding for nuclear projects.
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The New York State government has released a policy roadmap that could lead to $23.9bn in public subsidies for building nuclear power in the state. The plan aims to generate 5 gigawatts of new nuclear power by 2050, but private investors are unlikely to fund such projects unless the state covers unexpected construction costs. The options paper outlines four multi-billion-dollar schemes, with the total public cost ranging from $15.4bn to $23.9bn over 40 years. However, some lawmakers and union leaders are pushing for nuclear to be designated as a zero-emission energy source, while others are calling for a moratorium on state funding for nuclear projects.