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The Energy Gang

A nuclear COP?

Dec 11, 2023
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46:35
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The nuclear industry takes center stage at COP 28, with discussions on the goal of tripling global nuclear power by 2050. Small modular reactors (SMRs) receive attention and support from the US export-import bank. The challenges and successes of nuclear power are explored, including competition from renewables. SMRs are positioned as a key player in the future of nuclear energy, with potential applications in replacing coal power plants. Financing and regulatory challenges are discussed, with emphasis on investor expectations and collaboration with the finance community.
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Quick takeaways

  • Nuclear power has gained significant prominence at the COP 28 climate talks, with discussions and commitments highlighting its importance in addressing climate change.
  • The goal of tripling global nuclear power capacity by 2050 is achievable with strategic planning and investments, including the utilization of small modular reactors (SMRs) with their potential for replacing coal plants and powering energy-intensive industries.

Deep dives

Growing Prominence of Nuclear Power at COP 28

Nuclear power has gained significant prominence at the COP 28 climate talks, with discussions and commitments highlighting its importance in addressing climate change. The United Arab Emirates' pioneering efforts in nuclear power and the construction of four reactors to meet 25% of its electricity demand have contributed to this increased attention. Notably, 24 governments, including France, Japan, the US, and the UK, have set a goal to triple worldwide nuclear power generation capacity by 2050. This commitment demonstrates a growing recognition of nuclear energy's central role in achieving net-zero emissions. Moreover, the nuclear industry is seeking international investments and financial support to meet these objectives.

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