Five Reasons Why the Clean Energy Transition Needs Nuclear Power

Momentum to increase financing for nuclear energy is growing. The IAEA is expanding its cooperation with a range of international financial institutions to support countries in exploring and financing nuclear energy, including nuclear power plants (NPPs). These partnerships include engagement with the WBG, the Asian Development Bank, the European Bank for Reconstruction and Development and OPEC Fund.

A total of 33 countries have endorsed the Declaration to Triple Nuclear Energy, signalling a collective ambition to triple global nuclear energy capacity by 2050. The signatories span a wide geographic range across continents and include newcomer countries such as El Salvador, Ghana, Jamaica, Kazakhstan and Rwanda.

At the UN Climate Change Conference (COP28) in Dubai 2023, nuclear energy was included in the Global Stocktake, which called for its accelerated deployment alongside other low carbon energy sources.

The second Nuclear Energy Summit will be hosted by the Government of France in Paris on 10 March. It follows the previous Nuclear Energy Summit in 2024, in which world leaders gathered in Brussels to highlight the role of nu