Tripling that capacity by 2050 would require a significant scaling up in new approvals – and finance. Global nuclear capacity now stands at 370 gigawatts, with 31 countries running reactors. “But … you can’t get to net-zero 2050 without some nuclear, just as you can’t get there without some use of carbon capture, utilisation and storage,” Kerry said. “We are not making the argument that this is absolutely going to be the sweeping alternative to every other energy source,” Kerry said during a launch ceremony at COP28. climate envoy John Kerry saying the world cannot get to “net zero” without building new reactors. More than 20 nations signed a declaration on Saturday aiming to triple nuclear power capacity by 2050, with U.S. France proposed collaborating with nations to assess the risks associated with investing in new coal assets, seeking to dissuade private financiers from supporting such projects.Īmid these commitments, philanthropic institutions pledged $450 million over three years to assist countries in formulating strategies to tackle methane emissions, a significant driver of climate change, Reuters news report said. Nations are contemplating a move towards cleaner energy sources like wind and solar while exploring ways to curtail coal use. climate envoy John Kerry emphasized the indispensability of nuclear power in reaching the 2050 goal.Īnother focal point at COP28 is the deliberation on gradually phasing out fossil fuel consumption, a primary contributor to climate change.

Moreover, a coalition of more than 20 nations unveiled plans to triple nuclear power capacity by 2050, recognizing its role in achieving a net-zero emissions future. However, the colossal investment required to achieve this ambitious goal remains a pivotal concern amid project delays and cost overruns.

Over 110 nations have signaled support to triple the world’s renewable energy capacity by 2030, emphasizing the need to steer away from fossil fuels. climate summit in Dubai witnessed a cascade of energy commitments aimed at combating escalating emissions.

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