If the plant’s operation was extended further to 2045 and longer, it could provide $21 billion in savings and meet coastal protection requirements while also preventing 90,000 acres of land from being used to produce energy.
The plant is facing licensing expirations from utility provider PG&E in 2024 and 2024 amidst concerns of nuclear waste, earthquakes, and water use necessary for cooling within the plants.
“In order to combat climate change in the best possible way, I think nuclear power … is something that we should really consider and ask PG&E to reconsider,” said Steven Chu, former U.S.
Continued use of the plant could provide energy for desalination plants that provide drinking water, as well as contribute to producing cleaner-burning hydrogen gas, according to the report.
KCCA is a fund that offers exposure to the California cap-and-trade carbon allowance program, one of the fastest-growing carbon allowance programs worldwide, and is benchmarked to the IHS Markit Carbon CCA Index.