CNBC's Spencer Kimball is reporting that the U.S. leads coalition to triple nuclear power by 2050 in effort to address climate change at COP28
The U.S., along with over 20 other countries, has committed to tripling nuclear power by 2050 as part of a concerted effort to achieve net-zero carbon emissions and combat climate change. This initiative, announced at the U.N. climate conference in Dubai, marks a significant step in prioritizing nuclear power in the global transition to clean energy. The coalition includes major economies like Canada, France, the United Kingdom, and Japan, recognizing the need for a reliable and uninterrupted clean energy source to complement wind and solar power. The International Atomic Energy Agency and the International Energy Agency have underscored the necessity of substantial investment in nuclear energy to meet the 2050 net-zero goal. The global nuclear power capacity, currently at 417 gigawatts, is projected to more than double by 2050. Notably, China, Finland, Korea, Pakistan, India, and Russia are leading this expansion, with China hosting over 40% of the 61 nuclear plants currently under construction.
(This article was written with assistance from ChatGPT)