COP29: Why Global Efforts Must Reinvigorate Towards Nuclear Power

Supporting nuclear energy as a stable contributor to renewable energy mix.

In brief

• Technology companies need larger quantities of clean energy for AI operations
• Advanced nuclear technologies have emerged, making adoption more viable

As countries look for reliable, low-carbon energy sources, nuclear energy is back in the spotlight. After years of being sidelined due to environmental and safety concerns, leading up to COP29 in Baku, Azerbaijan, 14 major global financial institutions announced support for last year's COP declaration to triple nuclear energy capacity.

There are three primary reasons behind the renewed interest in nuclear energy. Technology companies need larger quantities of clean energy for AI operations. Countries, too, are diversifying their green energy goals while also meeting their country's demand. At the same time, advanced nuclear technologies have emerged, making adoption more viable.