Meeting the objectives of the Paris Agreement will require economies to significantly mobilise climate and development finance. Multilateral development banks (MDBs) and International Financial Institutions (IFIs) will have a central part to play, and will need to focus on financing emissions reductions across a broad range of sectors and activities. Against this background, global installed nuclear energy capacity is expected to play an important and growing role in a net-zero scenario with at least a doubling of installed capacity. A large share of the growth in nuclear energy capacity is expected to be driven by non-OECD economies. Pathways to net zero will further benefit from a wave of near-term nuclear innovation – such as small modular reactors (SMRs) and hybrid nuclear-renewable energy systems – that are coming to market within the next 5 to 10 years.
This webinar explored the role of nuclear energy in net-zero pathways and the availability of climate and development finance to support nuclear innovation to meet climate goals.