nuclear-news

 Nuclear revival needs $250bn a year, industry says

 Banks urged to unlock
private capital as governments consider more atomic energy projects. Global
annual investment in nuclear power needs to triple to about $250bn if
governments want to meet their stated energy goals, the industry’s main
lobby group said as it urged banks to channel more private capital into the
sector.

Nuclear power has recently enjoyed a revival as countries around
the world seek reliable low-carbon electricity to meet rapidly rising
demand. Countries that had previously shut down nuclear stations, such as
Japan and Taiwan, are bringing them back online while German Chancellor
Friedrich Merz has said the country’s decision to shut down its plants in
2013 was a “serious strategic error”.

But the industry continues to
struggle to attract investment because new plants are expensive, take years
to build and carry significant construction and political risks. Bilbao y
León the director-general of the World Nuclear Association, argued the
sums were not excessive when set against spending elsewhere in the energy
system. The International Energy Agency expects about $665bn to be invested
in renewable power globally this year, while spending on oil, gas and coal
is forecast to reach $1.2tn.

 FT 29th July 2026,
https://www.ft.com/content/f78ab650-062d-4058-bbcb-315901a1eeb6

August 2, 2026 - Posted by Christina Macpherson | business and costs