November 15, 2024
At COP28, the United States and 24 other countries made a landmark announcement, declaring their commitment to triple global nuclear energy capacity by 2050. Just two days ago, the outgoing administration unveiled a framework to expand the country’s nuclear capacity from the current 97 GW to an ambitious 300 GW.
This framework outlines a near-term target of 35 GW of new capacity by 2035, followed by an additional 15 GW annually by 2040, and ultimately achieving 200 GW of new capacity by 2050.
The framework emphasises the strategic siting of Small Modular Reactors (SMRs) at recently retired or soon-to-retire coal-fired power plants (CFPPs), as highlighted in the following excerpt from the report:
"𝘛𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘧𝘰𝘳 𝘴𝘪𝘵𝘪𝘯𝘨 𝘚𝘔𝘙𝘴 𝘢𝘵 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘳𝘦𝘢𝘤𝘵𝘰𝘳 𝘴𝘪𝘵𝘦𝘴 𝘢𝘯𝘥 𝘤𝘰𝘢𝘭-𝘧𝘪𝘳𝘦𝘥 𝘱𝘰𝘸𝘦𝘳 𝘱𝘭𝘢𝘯𝘵 𝘴𝘪𝘵𝘦𝘴 𝘵𝘩𝘢𝘵 𝘩𝘢𝘷𝘦 𝘳𝘦𝘤𝘦𝘯𝘵𝘭𝘺 𝘳𝘦𝘵𝘪𝘳𝘦𝘥 𝘰𝘳 𝘸𝘪𝘭𝘭 𝘴𝘰𝘰𝘯 𝘳𝘦𝘵𝘪𝘳𝘦. 𝘚𝘶𝘤𝘩 𝘤𝘰𝘢𝘭-𝘵𝘰-𝘯𝘶𝘤𝘭𝘦𝘢𝘳 𝘵𝘳𝘢𝘯𝘴𝘪𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘦 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳𝘭𝘺 𝘤𝘰𝘮𝘱𝘦𝘭𝘭𝘪𝘯𝘨 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘳𝘦-𝘶𝘴𝘦 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘵𝘳𝘢𝘯𝘴𝘮𝘪𝘴𝘴𝘪𝘰𝘯, 𝘸𝘢𝘵𝘦𝘳, 𝘢𝘯𝘥 𝘭𝘢𝘯𝘥-𝘣𝘢𝘴𝘦𝘥 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦 𝘤𝘰𝘴𝘵𝘴 𝘢𝘯𝘥 𝘭𝘦𝘷𝘦𝘳𝘢𝘨𝘦 𝘵𝘩𝘦 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘸𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦, 𝘦𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 𝘨𝘰𝘰𝘥-𝘱𝘢𝘺𝘪𝘯𝘨 𝘫𝘰𝘣𝘴 𝘳𝘦𝘮𝘢𝘪𝘯 𝘪𝘯 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘴 𝘵𝘩𝘦𝘺 𝘵𝘳𝘢𝘯𝘴𝘪𝘵𝘪𝘰𝘯 𝘵𝘰 𝘯𝘦𝘸, 𝘤𝘭𝘦𝘢𝘯 𝘴𝘰𝘶𝘳𝘤𝘦𝘴 𝘰𝘧 𝘱𝘰𝘸𝘦𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘪𝘰𝘯."
For more details, explore the COP28 announcement and the full report here: US COP28 Announcement
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