At the COP29 UN climate change conference taking place in Baku, Azerbaijan, six more countries - El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria and Turkey - have added their support for the tripling of global nuclear energy capacity by 2050.
A finance-focused edition examines the significance of the declaration of support by 14 international banks for the goal of tripling nuclear capacity - and also hears from some of the key decision-makers about the challenges for private finance in new nuclear, and their ideas for smoothing that path.
The nuclear supply chain will need to expand and innovate in order to facilitate the tripling of nuclear capacity by 2050, panellists agreed during a session at World Nuclear Symposium 2024. However, they said an environment needs to be created where companies are confident about investing in the sector.
World Nuclear Association Director General Sama Bilbao y León says the annual gathering of the nuclear sector showed the clear opportunities for the industry.
A robust supply chain is needed to enable new reactors to be built on time, on budget and at the scale needed to meet decarbonisation goals - and major players in the nuclear engineering, procurement and construction sector shared some of the experiences and lessons learned from projects both nuclear and non-nuclear at World Nuclear Symposium 2024.