Which major global banks now support tripling nuclear power by 2050?

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Major Global Banks Supporting Tripled Nuclear Power Capacity by 2050

Fourteen major financial institutions have publicly expressed their support for tripling global nuclear energy capacity by 2050. These institutions recognise the critical role of civil nuclear energy projects in achieving a low-carbon economy and accelerating the clean energy transition. This collective endorsement signifies a growing acceptance of nuclear power as a key component of future energy strategies among global financial players.
Financial Institutions Backing Nuclear Expansion

The group of fourteen financial institutions that have declared their support for expanding nuclear power generation includes prominent names from the international banking sector. These entities 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 backing was articulated on September 23, 2024, at Climate Week in New York City.
Recognition of Nuclear's Role in Decarbonisation

These financial institutions acknowledge that global civil nuclear energy projects are essential for the transition to a low-carbon economy. Their support for increasing nuclear electricity generation is driven by the objective of accelerating the clean energy transition. This perspective aligns with a broader global dialogue about the necessity of diverse low-emission energy sources to meet climate targets.
Commitment Announced at Climate Week NYC

The endorsement from these 14 financial institutions was a significant outcome of discussions held on the sidelines of Climate Week in New York City in September 2024. The event, titled "Financing the Tripling of Nuclear Energy-Leadership Event," brought together major banks, government representatives, and industry executives. It followed the Net Zero Nuclear Forum, where these institutions formally conveyed their support for the call to action to triple nuclear energy capacity by 2050.

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Which major global banks now support tripling nuclear power by 2050?

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