Major banks pledge support for nuclear power to triple global capacity by 2050, aligning with COP28 commitments.

Major banks like Goldman Sachs and Bank of America are pledging support for nuclear power to help triple global capacity by 2050, aligning with commitments made at COP28. This initiative is crucial for achieving net-zero emissions, as experts argue nuclear energy is essential for decarbonizing energy systems. While the industry faces challenges, financial institutions plan to fund new reactors and normalize nuclear as a viable climate solution, especially amid increasing interest from tech companies.

September 23, 2024
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