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Funding Bill Grants $2.7B to American-Made Nuclear Reactor Fuel

The nuclear energy landscape in North America is undergoing a significant transformation, with both the US and Canada making strides to bolster their nuclear capabilities. From reviving uranium enrichment in the US to Canada’s embrace of nuclear financing, the region is on the road to a nuclear energy resurgence.

Breaking U.S. Nuclear Dependence

The US uranium enrichment sector stands to receive a substantial $2.7 billion injection as part of a government funding bill. This initiative reflects a strategic move to reduce reliance on nuclear fuel imported from Russia. 

Proposed by the White House, the funding is integral to President Joe Biden’s broader plan to procure enriched uranium directly from domestic sources. The goal is to revitalize nearly dormant US capabilities by establishing a guaranteed buyer for American-made nuclear reactor fuel.

The move coincides with potential legislative measures to restrict imports of enriched uranium from Russia. The NO RUSSIA bill, National Opportunity to Restore Uranium Supply Services In America Act of 2022, expels Russia’s influence from the U.S. uranium market. 

The provision of enrichment funding is based upon implementing limitations on the importation of enriched Russian uranium. The fund is from a credit program for domestic nuclear reactors established in the bipartisan infrastructure law of 2022. 

The allocated funding is specially dedicated to cultivating a market for domestically produced enriched uranium. This uranium serves as fuel for the US fleet of over 90 nuclear reactors, as well as for highly enriched uranium used in emerging advanced reactor technologies, currently monopolized by Russia.

In December 2023, after over 50 years, the U.S. issued approval for a groundbreaking nuclear reactor developed by Kairos Power.

The California-based startup has been granted a construction permit by the Nuclear Regulatory Commission (NRC) for its Hermes demonstration reactor in Tennessee. The novel reactor uses molten fluoride salt as a coolant, a more efficient technology than conventional water-cooled nuclear reactors. 

The NRC has also granted certifications to other innovative nuclear developers, e.g. NuScale Power and Centrus Energy Corporation, in collaboration with the Energy Department. Most initiatives involved small nuclear reactors (SMR), generating under 300 MWe capacity.

These developments indicate a shifting regulatory stance toward innovative approaches to nuclear power generation in the U.S.

Financing the Canadian Nuclear Renaissance

Over in Canada, the federal government amended its green bond programs. They now permit the financing of nuclear projects and navigated an initial test of investor support for this energy source. 

Notably, about 15% of the country’s electricity comes from nuclear power. Most of the 19 reactors are in Ontario which provides 13.6 GWe of power capacity. 

Canada nuclear power factsThe sovereign and the province of Ontario issued a combined C$5.5 billion or US$4.1 billion in securities. This marked the first two offerings under the revised Green Bond Framework for green debt that allow funding for nuclear initiatives. Previously, the framework didn’t include nuclear energy from getting financial support.

The recent $4 billion issuance by the Canadian sovereign did not explicitly earmark proceeds for nuclear power projects. Still, the federal government emphasized its commitment to nuclear development. Also, investors have eagerly subscribed to the 10-year debt offering, with orders surpassing $7.4 billion, nearly double the final amount.

Powering Ahead: Canada’s Ambitious Nuclear Expansion Plans

Canada aims to develop both new large-scale nuclear capacity and SMRs. In 2018, Natural Resources Canada (NRCan) unveiled its SMR Roadmap, outlining a strategic plan for the advancement of nuclear technology centered around SMRs. 

In February 2023, the Canadian government initiated the Enabling Small Modular Reactors Program. It allocates about US$22 million to facilitate the advancement and implementation of SMRs. 

Another notable nuclear development in Canada is Ontario’s 2015 decision to greenlight the refurbishment or lifetime extension of 4 nuclear units at Darlington and the remaining 6 units at Bruce (with the initial 2 units already refurbished). This ambitious C$26 billion 15-year program stands as one of the most significant clean energy endeavors in North America.

Bruce Power, an Ontario-based company aiming to construct the world’s largest nuclear power plant, announced that all its future bonds will adhere to green financing principles. The nuclear power developer also introduced at COP28 last year the first carbon offset protocol for nuclear generation. 

James Scongack, Bruce Power’s Chief Development Officer, noted that investor appetite for green securities is shaping their future fundraising strategies. He further noted that:

“With the demand we see for green bonds, we have no doubt all future bonds funding nuclear projects will be green bonds.”

The inclusion of nuclear projects reflects a growing acceptance of nuclear power to decarbonize and enhance energy security. This development signifies a significant shift in green finance and underscores the evolving role of nuclear energy in Canada’s sustainability efforts.

By embracing nuclear power, the US and Canada are paving the way for a sustainable energy landscape while enhancing energy security.

The post Funding Bill Grants $2.7B to American-Made Nuclear Reactor Fuel appeared first on Carbon Credits.

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The Strategic Case for Nature-Based Carbon Investments

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Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
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How to buy plastic credits, and what to check before you do

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A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

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Carbon Footprint

EU carbon credit claims after 27 September 2026

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EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

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