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COP28 launches net-zero nuclear energy industry commitment

2023-12-07

The Net Zero Nuclear Industry Pledge, endorsed by 25 countries and 120 companies at COP28, pledges to triple nuclear power capacity by 2050. Prior to this, 22 countries signed a US-led nuclear declaration at COP28.

Sama Bilbao y Leon, Director General of the World Nuclear Association (WNA), said the commitment calls on governments, multilateral development banks and the World Bank to ensure that nuclear energy receives climate finance on an equal footing with other clean energy sources, enabling the nuclear energy industry to be deployed on a large scale globally and make a significant contribution to mitigating climate change.

Although Russia did not sign the declaration, it welcomed its positive stance. Russian Deputy Economy Minister Vladimir Ilyichev stated that climate goals cannot be achieved without nuclear energy. Furthermore, Rosatom, the Russian state nuclear energy corporation, has joined the "Net Zero Nuclear Industry Commitment," stating that nuclear energy is a proven, rapid, and resilient solution for deep decarbonization. By joining the "Net Zero Nuclear Industry Commitment," Rosatom pledged to work with governments and stakeholders to triple nuclear power capacity by 2050.

Source: Nuclear Engineering

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