IAEA releases 2024 climate change and nuclear power report

The International Atomic Energy Agency (IAEA) has released a report emphasizing the need for increased investments to expand global nuclear power capacity to help reach net zero emissions by 2050. The report suggests a sharp rise in global investment in nuclear energy, highlighting the challenges of financing nuclear projects in market-driven economies and developing nations. Discussions at the report’s launch event focused on strategies to unlock private sector funding and make clean energy, including nuclear power, more affordable and accessible. The report advocates for policy reforms, international collaborations, and regulatory frameworks to bridge the financing gap for nuclear power expansion, especially in emerging markets and developing economies.