Nuclei quid bono – Tripling capacity

One of Dubai COP28’s lesser-known outcomes in 2023 was a pledge from 22 countries to triple nuclear capacity. Policy bodies including the International Energy Agency and International Atomic Energy Agency estimate this will require about US$100bn in annual investment, which is at least double the nuclear industry’s historical average.David Stearns, a project development and finance adviser at the World Nuclear Association  and International Atomic Energy Agency, offers a picture of what financial sustainability might look like, and how to get there, for this critical but fringe part of the energy industry that has struggled to grow in competitive markets.