Paris summit boosts nuclear tripling pledge

At the World Nuclear Energy Summit in Paris, 38 countries have signed the Declaration to Triple Nuclear Energy, with a focus on global decarbonisation. Discussions included financing models, fuel supply security, and skilled workforces, with support from financial institutions and major energy users like Google, Amazon, and Meta. Leaders emphasized the importance of international cooperation, policy frameworks, and access to finance to meet the goal of tripling nuclear energy by 2050. The future of nuclear energy involves extending the lifetime of existing reactors, constructing new large-scale plants, deploying small modular reactors (SMRs), and developing next-generation concepts, with a focus on reducing costs and scaling up deployment. The International Atomic Energy Agency (IAEA) is collaborating with financial institutions to help countries explore and finance nuclear power plants, with a joint statement calling for safe and affordable nuclear energy for all and emphasizing the inclusion of nuclear energy in environmental, social, and governance policies.

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