Global annual investment in nuclear power needs to triple to around $250bn if governments want to meet their stated energy goals, the industry’s main lobby group said, as it urged banks to channel more private capital into the sector.
Nuclear power has recently enjoyed a revival as countries around the world seek reliable low-carbon electricity to meet rapidly rising demand.
Countries that had previously shut down nuclear stations, such as Japan and Taiwan, are now bringing them back online while German Chancellor Friedrich Merz has said the country’s decision to shut down its plants in 2013 was a “serious strategic error”.
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