A coalition of nations will triple nuclear energy by 2050, in a major announcement at the COP28 summit in Dubai.
The group of 20 nations includes:
The US
Bulgaria
Canada
Czechia
Finland
France
Ghana
Hungary
Japan
South Korea
Moldova
Mongolia
Morocco
Netherlands
Poland
Romania
Slovakia
Slovenia
Sweden
Ukraine
the United Arab Emirates
the United Kingdom.
The Declaration recognizes the key role of nuclear energy in achieving global net-zero greenhouse gas emissions by 2050 and keeping the 1.5-degree goal within reach.
Core elements of the declaration include working together to advance a goal of tripling nuclear energy capacity globally by 2050 and inviting shareholders of international financial institutions to encourage the inclusion of nuclear energy in energy lending policies.
The nations will also encourage other nations to join the pledge.
The pledge below:
The Participants in this pledge:
Commit to work together to advance a global aspirational goal of tripling nuclear energy capacity from 2020 by 2050, recognizing the different domestic circumstances of each Participant;
Commit to take domestic actions to ensure nuclear power plants are operated responsibly and in line with the highest standards of safety, sustainability, security, and non-proliferation, and that fuel waste is responsibly managed for the long term;
Commit to mobilize investments in nuclear power, including through innovative financing mechanisms;
Invite shareholders of the World Bank, international financial institutions, and regional development banks to encourage the inclusion of nuclear energy in their organizations’ energy lending policies as needed, and to actively support nuclear power when they have such a mandate, and encourage regional bodies that have the mandate to do so to consider providing financial support to nuclear energy;
Commit to supporting the development and construction of nuclear reactors, such as small modular and other advanced reactors for power generation as well as wider industrial applications for decarbonization, such as for hydrogen or synthetic fuels production;
Recognize the importance of promoting resilient supply chains, including of fuel, for safe and secure technologies used by nuclear power plants over their full life cycles;
Recognize the importance, where technically feasible and economically efficient, of extending the lifetimes of nuclear power plants that operate in line with the highest standards of safety, sustainability, security, and non-proliferation, as appropriate;
Commit to supporting responsible nations looking to explore new civil nuclear deployment under the highest standards of safety, sustainability, security, and non-proliferation;
Welcome and encourage complementary commitments from the private sector, non-governmental organizations, development banks, and financial institutions;
Resolve to review progress towards these commitments on an annual basis on the margins of the COP;
