At COP28, U.S., Canada, France, Japan, and UK Announce Plans to Mobilize $4.2 Billion for Reliable Global Nuclear Energy Supply Chain

Leaders from the United States, Canada, France, Japan, and the United Kingdom today announced plans to mobilize $4.2 billion in government-led investments to develop a secure, reliable global nuclear energy supply chain. These investments will enhance uranium enrichment and conversion capacity over the next three years and establish a resilient global uranium supply market free …

Russian Uranium Import Ban Teed Up for US House Floor Vote

Legislation that would bar the import of enriched Russian uranium into the US has been teed up for a vote in the US House of Representatives. The Prohibiting Russian Uranium Imports Act, by Washington Representative Cathy McMorris Rodgers, has been scheduled for consideration next week under an expedited procedure that requires two-thirds majority to pass, …

EU countries eye tighter subsidies in hunt for energy market deal

European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe’s electricity market, after disagreements between Germany and France over the issue sunk a deal last week. EU energy ministers failed to agree the reforms last week, after countries including Germany, Austria and Luxembourg opposed plans to …

Tim Gitzel, president and CEO of Cameco Corporation, on the rewards and risks of nuclear energy

Howard Green speaks with Tim Gitzel, CEO of Saskatchewan-based uranium company Cameco Corporation, about nuclear power and climate change. Generating clean electricity is one of the most pressing issues facing humankind. More than half of the world’s greenhouse gases come from producing electrical power. So to get to net zero targets, the world needs to …

UK sees role for nuclear in hydrogen economy

The UK government says nuclear will play a significant role in developing a thriving low-carbon hydrogen sector to meet the country’s ambition for 5GW of low-carbon hydrogen production capacity by 2030. Releasing its Hydrogen Strategy today, the Department for Business, Energy & Industrial Strategy said a hydrogen economy could support over 9000 UK jobs and …

Nuclear could help Spain reach net-zero goal, says IEA

In a review of Spain’s energy policy, the International Energy Agency (IEA) says the country should consider the usefulness of nuclear energy, including for non-electricity applications, for diversifying technical options to achieve long-term carbon neutrality by 2050. Under Spain’s current policy, operation of its fleet of seven nuclear power reactors will be phased out by …

Nuclear energy project will promote upgrade of ties with Russia, says China

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin will jointly witness the opening ceremony of the two countries’ nuclear energy cooperation project via video link on Wednesday (May 19). The smooth kick-off of the project will promote the upgrading of bilateral ties, Foreign Ministry spokesman Zhao Lijian said on Tuesday. Mr Zhao said this …