nuclear-news

Complete BS from the IAEA about the non-existent “global consensus” on nuclear power.

The latest (today) International Atomic Energy Agency newsletter includes this BS info about a fantasy “global consensus” on nuclear power.

The World Bank and other MDBs currently do not contribute financing to nuclear power new build projects, although some MDBs have provided lending for upgrades to existing nuclear power reactors or their decommissioning. Mr Grossi said that financing nuclear power would better align MDBs with the “new global consensus” forged at last year at COP28 in Dubai, where the world called for accelerating the deployment of nuclear power along with other zero emission energy technologies to achieve deep and rapid decarbonization.

Dozens of countries have also signed on to a pledge made at COP28 to work towards tripling global nuclear power capacity to achieve net zero by 2050. The pledge also called on the World Bank, regional development banks and international financial institutions to include nuclear in their lending. That call was echoed by scores of countries at the first-ever Nuclear Energy Summit organized by the IAEA and Government of Belgium in March.

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The statement supporting nuclear power was made at a private media event at COP 28 and was not part of the official COP proceedings. Canada’s nuclear industry booster NRCan has it on its website but it is not on the site of Environment Canada, which is responsible for COP declarations.

There is no “global consensus” on nuclear energy. Here’s the full IAEA statement:

https://www.iaea.org/newscenter/news/iaea-dg-grossi-to-world-bank-global-consensus-calls-for-nuclear-expansion-this-needs-financial-support

How I read this: the nuclear industry is desperate. If you read the full item above, you will see a desperate plea for the World Bank and others that do not currently fund nuclear projects to begin doing it. What’s not here is why the private sector is not funding nuclear projects but rather putting their money into solar and wind development, which is that nuclear is a terrible investment and renewables are a good investment.

June 29, 2024 - Posted by Christina Macpherson | Canada, spinbuster