Nuclear and Climate: Challenges and Hopes on the Eve of COP28

Nuclear energy, long considered taboo, is back in the international spotlight, promising a renaissance despite significant challenges.

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Renaissance nucléaire enjeux climatiques à la COP28

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Nuclear power, once ostracized in climate debates, is enjoying an unexpected revival. In the run-up to COP28, Rafael Mariano Grossi, Director of the International Atomic Energy Agency (IAEA), highlights a significant change in attitude. Countries that harness nuclear power, once reluctant to discuss it at climate conferences, are now preparing to assert their pro-nuclear stance with pride.

Nuclear Evolution and Expansion

Although nuclear power is making progress, it is still insufficient to meet the climate targets set by the Paris agreements. Despite notable developments in the USA, Europe, China and even Africa, with Egypt at the forefront, the reality remains bleak. With only 7 gigawatts (GW) of additional capacity gained this year and 4GW last year, the world is far from the doubling or even tripling of nuclear capacity needed to achieve carbon neutrality by 2050.

Challenges and prospects

The road to a nuclear future is full of pitfalls. Political obstacles, particularly within the EU, and financial challenges are major barriers. COP28 in Dubai promises to be crucial, with France and other countries seeking to rally some forty states to the idea of tripling nuclear production capacity by 2050. This ambition, while laudable, raises questions about the feasibility and environmental and safety implications of such an expansion.

The nuclear renaissance, while promising, remains a complex journey. Current progress is encouraging, but falls short of global climate expectations. COP28 could be a decisive turning point, determining the future of nuclear energy in the fight against global warming.

California-based startup Radiant has secured $300mn to build its first factory in Tennessee and prepare for the mass production of miniature nuclear reactors for off-grid applications.
Terra Innovatum has increased its interactions with the Nuclear Regulatory Commission to advance licensing of its SOLO™ micro-modular reactor, despite the partial shutdown of the US federal government.
The US nuclear regulator has extended the operating licences of three Illinois reactors by 20 years, strengthening Constellation's long-term industrial outlook for the Clinton and Dresden sites.
The SATURNE Industrial Chair aims to develop innovative uranium extraction methods, with joint funding from Orano and the National Research Agency over a four-year period.
US-based X-energy has signed a reservation agreement with South Korea's Doosan Enerbility to secure key components for its small modular nuclear reactors.
Niger expands its mining alliances with Uranium One to develop new sites, while the Dasa project continues seeking financing despite clear political backing.
Samsung Heavy Industries has received Approval in Principle for a floating nuclear plant featuring two SMART100 reactors, marking a step toward the commercialisation of offshore small modular reactors.
The Indian government proposes a unified legal framework for nuclear energy, aiming to boost private investment and increase installed capacity to 100 GW by 2047.
Samsung C&T strengthens its presence in modular nuclear energy in Europe by signing an agreement with Synthos Green Energy to develop up to 24 SMRs in Poland and several Central European countries.
Israeli firm nT-Tao and Ben-Gurion University have developed a nonlinear control system that improves energy stability in fusion plasmas, strengthening the technical foundation of their future compact reactors.
The Indian government has introduced a bill allowing private companies to build and operate nuclear power plants, ending a state monopoly in place for over five decades.
Natura Resources enters a new regulatory phase for its molten salt reactor MSR-1, following the signing of a framework agreement with the US Department of Energy under the Reactor Pilot Program.
Norwegian Nuclear Decommissioning is surveying 22 localities to assess their interest in hosting storage facilities for radioactive waste from the country’s former research reactors.
Electricité de France's Flamanville 3 reactor has reached full power for the first time, marking a key industrial milestone in the deployment of EPRs in Europe, despite cost overruns reaching EUR23.7bn ($25.7bn).
GE Vernova Hitachi’s BWRX-300 small modular reactor has passed a key regulatory hurdle in the United Kingdom, opening the door to potential commercial deployment, despite no current plans for construction.
Molten salt reactor developer Natura Resources has acquired Shepherd Power and partnered with NOV to scale up modular reactor manufacturing by the next decade.
China National Nuclear Corporation expects commercial operation in 2026 for its ACP100 reactor, following successful cold testing and completion of critical structures in 2025.
Start-up SEATOM has been selected to join NATO's DIANA programme with its micro nuclear reactor designed for extreme environments, reinforcing its position in dual-use marine and military energy technologies.
The Estonian Ministry of Economic Affairs has opened a tender to select a site and conduct initial environmental studies for a 600 MW nuclear power plant, marking a decisive step for the country’s energy future.
The European Commission has approved Poland's financial support plan for its first nuclear power plant, a €42bn project backed by public funding, state guarantees, and a contract for difference mechanism.

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