popular articles

Six new countries commit to tripling global nuclear production by 2050

At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.

Please share:

The United Nations Climate Change Conference (COP29), currently taking place in Baku, Azerbaijan, marked a significant milestone for global nuclear energy. Six new countries – El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria, and Turkey – have joined the declaration initially adopted at COP28. This initiative aims to triple global nuclear capacity by 2050 compared to 2020 levels.

According to the World Nuclear Association (WNA), this brings the number of countries supporting this ambitious vision to 31, with the backing of 14 major international financial institutions. The signatories include the United States, Canada, Japan, France, the United Kingdom, and the United Arab Emirates.

Commitment to global decarbonization

The declaration calls for an increase of approximately 750 gigawatts (GW) in nuclear capacity by 2050, far exceeding current plans. According to forecasts by S&P Global Commodity Insights, global nuclear capacity is expected to grow by 58% by 2050, reaching 631 GW. The two largest contributors will be China and the United States, which together will account for more than half of the total capacity.

To achieve this target, the signatories will support projects such as small modular reactors and other advanced technologies, suitable for electricity production and industrial applications like hydrogen or synthetic fuel production.

Growing financial support

Financial backing is a central pillar of this ambition. During Climate Week in New York in September, 14 major financial institutions, including Goldman Sachs, Barclays, and BNP Paribas, announced their support for this initiative. These financial groups also encourage the World Bank and other organizations to include nuclear energy in their energy lending policies.

Sama Bilbao y León, Director General of the WNA, highlighted the importance of this commitment: “Nuclear now enjoys the support of the world’s largest banks and most advanced technology companies.”

The new signatories and their projects

None of the six new signatories currently operate nuclear power plants, but several have launched promising initiatives. In Turkey, four reactors are under construction at Akkuyu, with funding and expertise from Russia. These reactors are expected to provide a total capacity of 4.5 GW.

El Salvador has recently created a federal agency to develop a nuclear program. The country has also signed an agreement with Argentina to enhance its technological capabilities. Kazakhstan, the world’s largest uranium producer, is exploring national projects to meet its growing energy demands.

Kenya and Nigeria are considering nuclear energy for electricity generation and addressing challenges like desalination. These projects reflect a diversification of energy solutions for developing nations.

Extending and modernizing existing infrastructure

In addition to constructing new facilities, the declaration emphasizes the importance of extending the lifespan of existing reactors. This strategy aims to maximize their contribution to decarbonization while minimizing the costs of new constructions.

The signatory countries pledge to promote international cooperation policies and support nations ready to responsibly adopt civil nuclear technologies.

Register free of charge for uninterrupted access.

Publicite

Recently published in

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.
The United States Nuclear Regulatory Commission has approved a 20-year extension for the operating licences of Oconee Nuclear Station, reinforcing energy supply in the Carolinas amid growing regional demand.
The United States Nuclear Regulatory Commission has approved a 20-year extension for the operating licences of Oconee Nuclear Station, reinforcing energy supply in the Carolinas amid growing regional demand.
A radioactive steam leak detected in the reactor building of Flamanville unit 1 forces EDF to postpone its restart by one month, according to the Nuclear Safety and Radiation Protection Authority.
A radioactive steam leak detected in the reactor building of Flamanville unit 1 forces EDF to postpone its restart by one month, according to the Nuclear Safety and Radiation Protection Authority.
French firm Framatome has been selected to modernise control systems at Switzerland’s Leibstadt nuclear plant, as part of a strategic investment aiming to extend its operation through 2045.
French firm Framatome has been selected to modernise control systems at Switzerland’s Leibstadt nuclear plant, as part of a strategic investment aiming to extend its operation through 2045.
The U.S. Department of Energy reopens a $900M envelope to finance the construction of third-generation small modular reactors, aiming to rapidly expand national power capacity.
HYLENR Technologies has signed a memorandum of understanding with TakeMe2Space to test a low-energy nuclear reaction power solution aboard satellites designed for orbital computing.
HYLENR Technologies has signed a memorandum of understanding with TakeMe2Space to test a low-energy nuclear reaction power solution aboard satellites designed for orbital computing.
Japanese researchers have assembled a rechargeable battery harnessing the chemical properties of uranium, aiming to convert stored depleted uranium into a strategic energy storage resource.
Japanese researchers have assembled a rechargeable battery harnessing the chemical properties of uranium, aiming to convert stored depleted uranium into a strategic energy storage resource.
The French government is pressing EDF and industrial players to reach a pricing agreement by summer, amid ongoing tensions over nuclear supply contracts.
The French government is pressing EDF and industrial players to reach a pricing agreement by summer, amid ongoing tensions over nuclear supply contracts.
Two small modular reactor developers begin preliminary engagement with the US nuclear authority, ahead of filing applications for distinct projects targeting industrial use cases.
Fortum continues preparations for new nuclear capacity in Finland and Sweden, selecting three suppliers after a two-year feasibility study.
Fortum continues preparations for new nuclear capacity in Finland and Sweden, selecting three suppliers after a two-year feasibility study.
NRG-Pallas will conduct irradiation tests necessary for qualifying materials and fuel of Kairos Power's modular reactor, a critical prerequisite for regulatory approval in the United States.
NRG-Pallas will conduct irradiation tests necessary for qualifying materials and fuel of Kairos Power's modular reactor, a critical prerequisite for regulatory approval in the United States.
Tokyo Electric Power Company will begin next week the removal of thousands of contaminated sandbags, stored since 2011 in the Fukushima Daiichi basements, using robots designed for high-radiation environments.
Tokyo Electric Power Company will begin next week the removal of thousands of contaminated sandbags, stored since 2011 in the Fukushima Daiichi basements, using robots designed for high-radiation environments.
Welding of the main reactor for Egypt’s El Dabaa nuclear power plant has been completed in Russia, marking a major milestone in the development of the country's first civilian nuclear programme.
Kazakh President Kassym-Jomart Tokayev has established a new agency to oversee nuclear energy, appointing Almassadam Satkaliyev as its head. This structure aims to enhance the country’s energy security and support its long-term nuclear ambitions.
Kazakh President Kassym-Jomart Tokayev has established a new agency to oversee nuclear energy, appointing Almassadam Satkaliyev as its head. This structure aims to enhance the country’s energy security and support its long-term nuclear ambitions.
The US Department of Energy allocated a $57 million loan to Holtec International to support the relaunch of the Palisades nuclear plant, which has been closed since 2022, to ensure compliance with NRC safety standards.
The US Department of Energy allocated a $57 million loan to Holtec International to support the relaunch of the Palisades nuclear plant, which has been closed since 2022, to ensure compliance with NRC safety standards.
Orano and Navoiyuran have signed a strategic agreement for the industrial development of the South Djengeldi uranium deposit in Uzbekistan, with the entry of Japanese company ITOCHU Corporation as a minority partner.
Orano and Navoiyuran have signed a strategic agreement for the industrial development of the South Djengeldi uranium deposit in Uzbekistan, with the entry of Japanese company ITOCHU Corporation as a minority partner.
Chubu Electric starts dismantling reactors at Hamaoka plant, marking a turning point in the management of its nuclear sector as Japan plans to gradually reintroduce nuclear energy into its energy mix.
President Emmanuel Macron has announced an additional delay for the commissioning of the first EPR2 reactors, now set for 2038 instead of 2035. This decision was made during a meeting dedicated to the nuclear program.
President Emmanuel Macron has announced an additional delay for the commissioning of the first EPR2 reactors, now set for 2038 instead of 2035. This decision was made during a meeting dedicated to the nuclear program.
Engie has finalized a ten-year extension agreement with the Belgian state for the Doel 4 and Tihange 3 nuclear reactors, including a financial responsibility transfer related to spent fuel, following recent approval by the European Commission.
Engie has finalized a ten-year extension agreement with the Belgian state for the Doel 4 and Tihange 3 nuclear reactors, including a financial responsibility transfer related to spent fuel, following recent approval by the European Commission.
Tests on the concrete of the EPR2 Penly seawall have raised doubts about its compliance with safety standards, according to Mediapart and Reporterre. EDF and Eiffage contest these claims, asserting that the material meets technical requirements.
Tests on the concrete of the EPR2 Penly seawall have raised doubts about its compliance with safety standards, according to Mediapart and Reporterre. EDF and Eiffage contest these claims, asserting that the material meets technical requirements.
A group of technology and energy companies, along with 31 countries, has signed a pledge to triple global nuclear capacity by 2050, supporting a strategic expansion of this energy source.
Rafael Mariano Grossi, IAEA Director-General, is visiting Niger to discuss nuclear cooperation. This visit comes at a time when the country, a major uranium producer, is experiencing internal political tensions.
Rafael Mariano Grossi, IAEA Director-General, is visiting Niger to discuss nuclear cooperation. This visit comes at a time when the country, a major uranium producer, is experiencing internal political tensions.
HD Hyundai and TerraPower have entered into a strategic partnership to optimise the manufacturing of Natrium reactor components. This collaboration aims to structure an industrial supply chain to accelerate their global deployment.
HD Hyundai and TerraPower have entered into a strategic partnership to optimise the manufacturing of Natrium reactor components. This collaboration aims to structure an industrial supply chain to accelerate their global deployment.
KHNP and Samsung C&T have signed an agreement to collaborate on international nuclear projects, aiming to strengthen their global competitiveness, particularly in the rapidly growing Asia-Pacific market.
KHNP and Samsung C&T have signed an agreement to collaborate on international nuclear projects, aiming to strengthen their global competitiveness, particularly in the rapidly growing Asia-Pacific market.

Advertising