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14 financial institutions back efforts to triple global nuclear capacity by 2050, a goal discussed during NYC Climate Week.
Photo Source- Google
Net Zero Nuclear promotes collaboration between governments and industries to support the expansion of nuclear energy.
The financial institutions represent countries that are supporting nuclear energy initiatives at COP28.
The UN Climate Change Conferences (COPs) play a crucial role in fostering global collaboration on climate action and clean energy transitions.
Rising interest rates and commodity prices present significant challenges to the adoption of nuclear energy as a mainstream power source.
Major countries are urging financial institutions to incorporate nuclear energy in their lending policies as part of global sustainability efforts.
Microsoft and Constellation Energy have signed a 20-year deal to power data centers using nuclear energy as part of their long-term energy strategy.
Oracle is planning to establish a data center powered by small modular reactors (SMRs) to fuel future supercomputing projects.
Global leaders continue to emphasize the pivotal role of nuclear energy in achieving carbon neutrality and ensuring sustainable energy supply chains.
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