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Should We Be Bullish on Nuclear?

Written by Monica Savaglia
Posted March 1, 2022

It appears that climate change and the effects it’s having on Earth have been underestimated.

On Monday, the U.N. Intergovernmental Panel on Climate Change came out with a report warning that if we don't contain human-caused global warming by another couple tenths of a degree, Earth could be on an irreversible trajectory.

This is some very bleak news to be starting the week with. But it is, unfortunately, our reality.

The report suggests that if we continue to delay cutting heat-trapping carbon emissions, we’ll “miss a brief and rapidly closing window of opportunity to secure a livable and sustainable future for all.”

There have been decades of warnings about climate change. I remember growing up and being in elementary school learning about ways to combat climate change and what we young people could do to ensure that we have a healthy planet in the future.

Now I’m 33 and these warnings are still just warnings without any action. Unfortunately, we're now in a more dangerous position compared with when I was in elementary school. We need more impactful changes to finally gain some control of the climate change situation.

Let's Make a Commitment

The report states that more people are going to die each year from heat waves, diseases, fierce weather, air pollution, and starvation because of global warming. And some of these disasters are happening in areas that normally don’t witness these types of extreme events.

One of the co-authors of the report, Maarten van Aalst, a climate scientist for the International Federation of Red Cross and Red Crescent Societies, said, “All the risks are coming at us faster than we thought before.” The last version of this report came out in 2014. It appears in those six years there hasn’t been enough global change to alter what’s happening with the climate. The world and its leaders have failed to get the world on a more satisfactory track.

Will this report be enough to create action around the world? In the past few years, global warming and climate change concerns have been on the mind as we’ve witnessed extreme and out-of-the-ordinary weather patterns. Can we finally trust that our government will take action toward a sustainable future? Here's what Biden and his administration have in mind...

Biden’s Massive Push for Nuclear Energy

If you didn’t know already, one of the biggest culprits behind climate change comes from generating power through burning fossil fuels like coal, oil, and natural gas. This realization has the Biden administration pushing hard for nuclear power.

The administration wants nuclear power to be one of America’s biggest steps into creating a sustainable energy future. This push could lead to the nation’s first expansion of reactor construction in more than three decades.

The White House has requested $1.8 billion for nuclear energy in its fiscal 2022 budget — a 50% increase from 2021’s levels. U.S. Energy Secretary Jennifer Granholm said at the U.N. Climate Conference:

We are very bullish on these advanced nuclear reactors.

The House-passed version of the Build Back Better bill contains about $20 billion and $25 billion in subsidies to keep older reactors running, indicating that these nuclear reactors will be crucial to the U.S. and part of its plan to achieve the goal of a net-zero carbon economy by 2050.

Maria Korsnick, president of the Nuclear Energy Institute, had this to say about the push for nuclear energy:

In many cases, next-generation nuclear reactors could literally be built on fossil fuel sites. Much of the infrastructure connecting these plants to the grid is already there.

Some people may see nuclear power as being a disaster because of tragic events that happened decades ago. However, with innovation and advanced safety features, those tragic events will be able to stay in the past. 

The U.S. is entering a new and safer era of nuclear power at full force. There have been many advancements that can prevent reactors from overheating and melting down. In addition, new reactors produce less radioactive waste than older reactors. Nuclear power is going to be vital and will have the ability to pick up where solar and wind power aren’t able to reach.

As we approach the new nuclear era, I know you’re going to want to come along for the ride.

Nuclear is opening many investing possibilities, especially for early investors. And as a matter of fact, my colleague Jason Williams has pinpointed one specific possibility that I believe you'll be impressed by.

He’ll be sending out a special announcement tomorrow that’ll explain everything you need to know about the future of energy and one company that’s poised for profits in this lucrative industry.

Keep an eye out for an email from Jason tomorrow, March 2.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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