popular articles

14 financial institutions support nuclear expansion by 2050

Fourteen major financial institutions have pledged to support the global expansion of nuclear power to triple its capacity by 2050, marking a key step in the energy transition.

Please share:

At Climate Week in New York, fourteen leading financial institutions expressed their support for tripling global nuclear power capacity by 2050. This announcement echoes the Declaration to Triple Nuclear Power, launched at COP28 in Dubai in 2023.
Banks and investment funds recognize that nuclear power, as a complement to renewable energies, is crucial to achieving global decarbonization targets. The inclusion of nuclear power in discussions on energy transition represents an important turning point.
Indeed, these financial institutions emphasize that nuclear power offers a reliable source of low-carbon electricity, helping to stabilize energy grids while reducing greenhouse gas emissions.
Among the banks involved in this initiative are Barclays, Morgan Stanley, BNP Paribas and Société Générale.
These establishments emphasize the need to develop new financial tools to support nuclear projects in the development phase.

Financing nuclear expansion

The financial requirements for the development of new nuclear infrastructures are considerable.
The high cost of projects, combined with regulatory complexity, is still holding back large-scale deployment.
However, Climate Week participants stressed that traditional financial mechanisms must evolve to support this strategic sector.
They believe that government-backed loans and risk-sharing mechanisms could make nuclear projects more attractive to investors.
For financial institutions, the challenge lies in mobilizing long-term capital and creating suitable financing models.
Sweden’s Energy Minister, Ebba Busch, has outlined her government’s proposal for guaranteed loans, Contracts-for-Difference and risk-sharing schemes to accelerate the construction of new power plants.
These initiatives aim to make nuclear power competitive with other low-carbon energy sources, while meeting the growing need for electricity.

Growing demand

The acceleration of the energy transition requires us to meet a growing demand for electricity, particularly with the development of new technologies such as artificial intelligence and data centers.
These sectors require reliable and abundant energy, which makes nuclear power a preferred solution for meeting these needs without increasing CO2 emissions.
The role of banks in this energy transformation is fundamental.
Leaders at Climate Week stressed the need to develop partnerships between the financial sector and energy companies to facilitate the financing of long-term nuclear projects.
Financial players must collaborate with energy producers, regulators and governments to create favorable environments for investment in nuclear power.

A favorable political framework

In addition to the financial aspects, speakers also stressed the importance of a clear policy framework to encourage the development of nuclear power.
Many countries, including France, Sweden and the United States, have already integrated nuclear power into their decarbonization strategies, recognizing its central role in stabilizing power grids and reducing emissions.
These countries are exploring new ways to make the nuclear sector more competitive, notably through regulatory reforms and financial incentives.
Discussions around the financing and regulatory framework for nuclear power are taking place against a backdrop of strong demand for low-carbon energy solutions.
With global targets set for reducing greenhouse gas emissions, the nuclear sector presents itself as a key solution for supporting the energy transition without compromising security of supply.

Growing international support

The initiative to triple nuclear capacity is enjoying growing international support.
Twenty-five countries have already endorsed the Declaration to Triple Nuclear Power, including Japan, the UK, Poland and Canada.
These nations recognize the importance of mobilizing funding to make nuclear power competitive in the long term, while respecting the objectives of the Paris Agreement.
Discussions around this nuclear expansion are also supported by private sector players, particularly in energy-intensive industries.
For these companies, access to reliable, low-carbon electricity is essential to ensure their global competitiveness.
Leaders at Climate Week agreed that the development of new reactors and the modernization of existing infrastructure are crucial steps towards achieving the 2050 targets.
By combining public and private financing, nuclear projects can become viable on a large scale, supporting the energy transition.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Japanese operator Tepco has completed the extraction of a second radioactive debris sample from the damaged Fukushima reactor, a critical technical step in a decommissioning project set to span several decades.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
TerraPower has informed the UK regulator of its intention to submit the Natrium reactor design for evaluation under the Generic Design Assessment (GDA) process, the first step toward international deployment of this nuclear technology.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
The restart of the Flamanville EPR reactor, initially scheduled for 17 April, has now been postponed to 21 April following extended maintenance operations, according to a statement from Électricité de France.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
Washington and Abu Dhabi pave the way for renewed civil nuclear cooperation, aiming to strengthen Emirati technological and energy capabilities within a complex regional strategic context.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF's plan to build a facility for recycling low-level radioactive metals in Fessenheim is raising significant concerns over health, economics and regulation.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Polskie Elektrownie Jądrowe has signed a development agreement with the Westinghouse-Bechtel consortium, ensuring continuity of Poland's first nuclear plant project after a previous contract expired.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.

Advertising