November 11, 2024
COP29 | Enabling the future: Financing small modular reactors (SMRs) for the energy transition
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Event Details:
November 11, 2024
17:15 – 18:00
SDG Pavilion, Blue Zone
Hosts:
Clean Air Task Force, EFI Foundation, NTI, and International Atomic Energy Agency
About the event
Given supportive policy and financial resources, nuclear energy can contribute as a large-scale solution to the global energy transition, promoting equitable energy access, inclusive economic development, and emissions mitigation. This session will explore innovative financing and risk-sharing strategies for small modular nuclear reactors that may use a variety of technologies.
This session will feature insights from a new report by IAEA focusing on financing nuclear projects, EFI Foundation’s (EFIF) to-be released report on making SMRs bankable investments, CATF’s to-be released global nuclear stocktake assessment, and NTI’s new work on ensuring nuclear safety, security, and non-proliferation are commercial criteria. Experts will discuss nuclear financing progress to date, public-private pathways to attract sufficient private capital to kickstart climate-relevant deployment, including risk-sharing strategies, blended financing mechanisms, workforce development approaches, technology down-selection methodologies and the need for demand aggregation.
This event is crucial for advancing global climate and development priorities by highlighting nuclear energy’s role in achieving a sustainable and resilient energy transition, aligning with numerous countries’ commitments. Addressing challenges and sharing insights will help drive progress toward these commitments.
The audience will leave with a clear understanding of innovative financing and risk-sharing strategies coupled with targeted policy mechanisms that can significantly increase the bankability of nuclear energy in established and embarking countries, and nuclear energy’s critical role among a diverse mix of low carbon energy technologies that can achieve net zero.
CATF speaker
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Lee Beck, Senior Director, Europe, the Middle East, and Africa |
