US, UK Lead Pledge to Triple Nuclear Power by 2050 at COP28
- Countries to support new tech, like small modular reactors
- Nuclear power has seen a resurgence in interest recently
Construction of a nuclear power station near in Bridgwater, UK.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The US will lead a push at the COP28 climate summit to triple the amount of installed nuclear power capacity globally by 2050, marking a major turnaround for the controversial technology at the climate negotiations.
The declaration will call on the World Bank and other international financial institutions to include nuclear energy in their lending policies, according to a document seen by Bloomberg News. The US will likely be joined by the UK, France, Sweden, Finland and South Korea in the pledge to be signed Dec. 1 in Dubai, according to people familiar with the matter.