Michael Bloomberg open to backing nuclear plants in climate push

The big picture: Nuclear power is controversial for several reasons — namely the lack of a permanent way to store its radioactive waste. But the energy source nonetheless provides more than half of America’s carbon-free power.

Where it stands: Numerous nuclear plants have closed or are set to close before their federal licenses require because their operators say they’re not economically sustainable. Natural gas often replaces them, raising greenhouse gas emissions.

One level deeper: Several states have passed or are considering policies to subsidize their nuclear plants. The Bloomberg aide cited Illinois and New Jersey as states whose policies Bloomberg supports, and one pending in Ohio — where the proposal also includes repealing some renewable-energy policies — that Bloomberg opposes.

Reality check: While a chunk of Bloomberg’s money could throw a temporary lifeline to some nuclear plants, the problem facing this sector is more systemic.

Go deeper:

• As climate change worsens, America faces nuclear closures
• Green New Deal backers dismissive of nuclear power