The world’s top lying nuclear salesman is after your climate action money.

Do these highly paid leaders really believe what they’re saying? I guess their number 1 motive is to hang on to their lucrative jobs. And number 2 motive – to not look silly by telling the truth.

They all know damn well that the nuclear fuel chain increases greenhouse emissions, along with its radioactive emissions.

They all know that covering the planet with 1000s of small nuclear reactors could never be done in time, even if nuclear did work against climate change.

They all know that the real rationale for nuclear is not climate action – it’s nuclear weapons.

New IAEA Report on Climate Change and Nuclear Power Focuses on Financing.

International Atomic Energy Agency, Matt Fisher, IAEA Department of Nuclear Energy, 18 Oct 24

The 2024 edition of the IAEA’s Climate Change and Nuclear Power report has been released, highlighting the need for a significant increase in investment to achieve goals for expanding nuclear power. The new report was launched last week on the margins of the Clean Energy Ministerial (CEM) in Brazil.

……….global investment in nuclear energy must increase to 125 billion USD annually, up from the around 50 billion USD invested each year from 2017-2023………

“Across its near century-long lifetime, a nuclear power plant is [?] affordable and [?]cost competitive. Financing the upfront costs can be a challenge however, especially in market driven economies and developing countries,” said IAEA Director General Rafael Mariano Grossi “The private sector will increasingly need to contribute to financing, but so too will other institutions. The IAEA is engaging multilateral development banks to highlight their potential role in making sure that developing countries have more and better financing options when it comes to investing in nuclear energy.”

The new report also examines ways to unlock private sector finance, a topic that is gaining increasing attention worldwide. Last month, 14 major financial institutions including some of the world’s largest banks came together during a New York Climate Week event to signal a willingness to help finance nuclear newbuild projects.

The report was presented at a side event jointly organized by the Agency and the CEM’s Nuclear Innovation: Clean Energy Future (NICE) initiative on the margins of the 15th CEM in Brazil.

……………………………………………………………………………………………………. Nuclear power’s [!!!] inclusion in sustainable financing frameworks, including the European Union (EU) taxonomy for sustainable activities, is having a tangible impact. In the EU, the first green bonds have been issued for nuclear power in Finland and France in 2023. Electricité de France (EDF) was one of the first recipients, with the award of €4 billion in green bonds and around €7 billion in green loans between 2022 and 2024. …………………………………………….. https://www.iaea.org/newscenter/news/new-iaea-report-on-climate-change-and-nuclear-power-focuses-on-financing