Which 14 major financial institutions supported tripling nuclear power by 2050 at Climate Week NYC?

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14 Financial Institutions Back Nuclear Power Expansion by 2050

At Climate Week NYC in September 2024, fourteen major financial institutions expressed support for the initiative to triple global nuclear energy capacity by 2050. These institutions acknowledged the significant role of civil nuclear energy projects in the transition towards a low-carbon economy and voiced their backing for the long-term objectives of expanding nuclear electricity generation and the broader nuclear industry. This collective endorsement highlights a growing recognition within the financial sector of nuclear power's contribution to accelerating the clean energy transition.
Support Expressed at Climate Week NYC

The endorsement by these fourteen financial institutions occurred during the Financing the Tripling of Nuclear Energy-Leadership Event, which was held on the sidelines of Climate Week in New York City. This event followed the Net Zero Nuclear Forum, and it brought together banks, government representatives, and industry executives. The financial institutions' support aligns with the Declaration to Triple Nuclear Energy, which was initially launched at COP28 in 2023.
Key Institutions Involved

The fourteen financial institutions that publicly supported the tripling of nuclear power capacity by 2050 are: Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities LLC, Morgan Stanley, Rothschild & Co., Segra Capital Management, and Societe Generale. Their participation signifies a broad base of financial backing for nuclear energy's role in decarbonisation efforts.
Recognition of Nuclear's Role in Decarbonisation

These financial institutions specifically recognised that global civil nuclear energy projects are crucial for achieving decarbonisation goals. They further articulated their support for expanding nuclear electricity generation and the wider nuclear industry as a means to accelerate the transition to cleaner energy sources. This viewpoint underscores a strategic shift in how the financial sector is viewing nuclear power's potential in meeting climate targets.

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Which 14 major financial institutions supported tripling nuclear power by 2050 at Climate Week NYC?

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