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While the COP 28 commitment to triple nuclearpower by 2050 has been questioned as whether it is an attainable goal, progress is taking place in building new nuclear plans, as well as standing up the supply chain for them, and for small modular reactors.
As we reported last month at COP 29 in Baku, Azerbaijan, the Government Pledge to triple global nuclear by 2050 added six new signatories bringing the total number of countries who have signed the pledge to 31. Support for nuclearpower to both meet countries’ clean energy and energy security goals has never been stronger.
The IPCC recently conducted a study into the combined effects of all the agreed targets of the countries taking part in the ongoing COP talks. Attempting to maintain business as usual (which is the only type of solution that will be debated at COP 26) will only make things worse. Whatever does come out of COP won’t be enough.
The plan promised to deploy a combination of policy interventions and funding to accelerate the UK development of offshore wind, green hydrogen, nuclearpower, electric vehicles, public and active transport, green aviation and shipping, energy efficiency, carbon capture and storage, natural carbon sinks, and clean tech innovation and green finance.
The admission marks the first time a government minister has conceded Cumbria Council's decision to back the new mine, which is set to provide coking coal for steel and cement production processes, does not smoothly align with the UK's drive to reach net zero emissions by 2050. Nuclearpower is essential," he told MPs.
There were notable fresh announcements regarding business rates relief for green technology investments, £1.7bn funding for a new nuclearpower plant this Parliament, and fresh funding for skills, but these were counterbalanced by a hike in Air Passenger Duty and yet another freeze in fuel duty.
There's a huge opportunity for a win-win here which the government is passing up" UK Nuclear Industry Association chief executive Tom Greatrex said: "The new nuclear target of 24GW by 2050 is a vital step forward for UK energy security and our net zero future.
BusinessGreen rounds up the best of the reaction from the low carbon economy to the government's flagship roadmap for achieving net zero emissions by 2050. Overall, the global goal of net-zero by 2050 needs to be matched by an equally clear global goal of net positivity for nature.".
In November, I had the privilege to represent Schneider Electric at the UN's Conference of Parties (COP) on climate change in Glasgow. This COP was unlike the previous 25 iterations, in that it took place during a global pandemic. One aim of the conference was to 'keep 1.5 degree Celsius warming trajectory. Bottom Line for Business.
How long since the Paris COP? Would Glasgow be able to rise to the Paris COP, or was that doomed to be a peak that never comes again? My COP-dazed mind wandered back. Even more downbeat, an expert whispered that success would simply be ensuring Glasgow is not the end of the Climate process dream altogether, the last COP.
Ship Orders Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the world’s first clean ammonia-powered container ship. Fortescue unveiled a green ammonia dual-fuel ship at COP. Cargo ships are expected to run on majority ammonia fuels by 2050.
Do the next best thing and read our COP reflections. In news, COP28 goes nuclear with a commitment to triple nuclear capacity and pursue fusion R&D, echoing a broader global sentiment shift towards nuclear. Nuclear is having its moment in the sun. Happy Monday!
Nuclear: Back to the future Nuclear is making a serious comeback. A cross-sector pledge — including Google, Amazon, and 31 countries — aims to triple global nuclear capacity by 2050. The Amazon rainforest was cut down to build a highway for this year’s COP climate summit in Brazil.
We’ll spare you the obligatory “ good COP, bad COP ” joke, but this week, we’ve got a deep dive into the UN’s biggest move at COP29 so far: the approval of Articles 6.2 This approach could set a precedent for bypassing negotiation processes in future COPs, adding uncertainty to the framework.
Amid all the chaos, we almost forgot it’s COP this week.) With the climate community already skeptical of this year’s COP, the election results only further diminish the credibility and leverage of the US delegation. FERC shocks Big Tech nuclear ambitions and rejects Amazon’s new power proposal.
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