Financiers back idea of nuclear expansion, but what are the challenges?

A group of 14 global financial institutions have expressed their support for the call to triple nuclear energy capacity by 2050. Their message, during New York Climate Week, stated their recognition that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy and means they join 25 countries and more than 120 companies already signed up to that tripling goal.Jonathan Cobb, senior programme lead, climate, at World Nuclear Association, explains the significance of the pledge from the 14 institutions - 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.But how can that support be translated into firm investments? Well, in this finance-focused episode, we also hear what some of the senior decision-makers said at World Nuclear Symposium earlier in September, about the challenges for private finance in new nuclear, and their ideas for smoothing that path. Among those featuring are: Vicki Kalb, Global Head of ESG and Sustainability Research at UBSSeb Henbest, Group Head of Climate Transition at HSBCBill Lacivita, Partner at McKinsey & CompanyEd Cook, Global Head of Capital Markets at BlackRockCosmin Ghita, Chief Executive Officer at NuclearelectricaKim Lauritsen, Senior VP, Enterprise Strategy & Energy Markets at Ontario Power GenerationLászló Varró, VP, Strategy Insights & Scenarios at Shell InternationalKey links to find out more:World Nuclear NewsInternational banks express support for nuclear expansionNet Zero NuclearEmail newsletter:Sign up to the World Nuclear News daily or weekly news round-upsContact info:[email protected] credit:  Presenter Alex Hunt. Co-produced and mixed by Pixelkisser Production