Key groups representing the global nuclear industry have written an open letter to world leaders warning that the proposed retirement of existing nuclear plants could derail the net-zero transition and calling for the technology to have the same access to climate finance as renewables.
The Canadian Nuclear Association, Foratom, the Japan Atomic Industrial Forum, the Nuclear Energy Institute, the Nuclear Industry Association and the World Nuclear Association have jointly called on countries to accelerate nuclear investment as part of the net-zero movement.
The groups warn that planned retirements of nuclear plants represent “the single greatest loss of clean power in world history” and that without additional capacity and investment into the sector, the need to reach net-zero could be derailed. The groups estimate that more than 100GW of nuclear capacity will retire globally within 20 years.
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