Navigating Regulatory Arbitrage

“Remember, nuclear energy is not only green, it emits no carbon emissions, it also has virtually no variable costs and hence once built is extremely competitive. The major growth spurts in the world economy in the last two centuries can be clearly correlated with step changes in energy cost. Europe today finds itself unable to be competitive in steel, cement, plastics and ammonia (fertilizer) – the bedrock of a strong economy. The USA is the reverse.”

“Whereas we have seen the carbon tax ‘stick’ in Europe, which has emphatically failed to work, we now have a ‘carrot’ in the USA called the Inflation Reduction Act. Almost half a trillion dollars of government grants and assistance are now in place to attract the world’s best green energies and technology to the USA. If you wish to invest in hydrogen, carbon capture, solar or wind, head west, young man.”