Nuclear industry calls on the G7 to establish clear plans for nuclear deployment
Turin (Italy), 29 April 2024: nucleareurope, together with AIN, CNA, Gifen, JAIF, NEI, NIA and WNA*, has issued a statement calling on the G7 governments to help maximise the use of existing nuclear power plants and set out clear plans for nuclear energy deployment.
“Last year the Nuclear Alliance of the EU Member States set the ambitious target of having 150GW of installed nuclear capacity in the EU by 2050. This was followed by the declaration at COP28 which called for a tripling of nuclear capacity globally” notes Yves Desbazeille, nucleareurope Director General. “Industry and governments now need to work together in order to translate these targets into reality, as highlighted in this statement.”
In this respect, the signatories call on the G7 Climate, Energy and Environment Ministers to take decisive action in the following areas:
- Establish optimum conditions through consistent and coherent long-term policies that enable the extension of the operating life of existing reactors and facilitate fleet deployment of nuclear technologies.
- Provide clarity to investors on the funding and investment recovery mechanisms available for nuclear projects.
- Ensure ready access to national and international climate finance mechanisms for nuclear development.
- Ensure that multilateral financial institutions include nuclear energy in their investment portfolios.
- Clearly and unambiguously label nuclear energy and the associated fuel cycle as a sustainable investment.
- Promote development of the supply chain commensurate with expansion targets and continue investment in nuclear research.
Click here to download the statement in full.
*Associazione Italiana Nucleare, Canada Nuclear Association, Groupement des Industriels Français de l’Energie Nucléaire, Japan Atomic Industrial Forum, Nuclear Energy Institute, Nuclear Industry Association and the World Nuclear Association.
About us: nucleareurope is the Brussels-based trade association for the nuclear energy industry in Europe.
The membership of nucleareurope is made up of 15 national nuclear associations and through these associations, nucleareurope represents nearly 3,000 European companies working in the industry and supporting around 1,100,000 jobs.
More information:
- Jessica Johnson, Communications and Advocacy Director: jessica.johnson@nucleareurope.eu
- Berta Picamal, Legal and International Relations Director: berta.picamal@nucleareurope.eu
