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The International Energy Agency’s (IEA’s) latest flagship report, “Financing clean energy transitions in emerging and developing economies,” barely mentions nuclear, except in passing, in its 237 pages. In his Foreword to the report, IEA Executive Director Dr Fatih Birol says the IEA “has made it crystal clear that countries around the world must urgently accelerate their transitions to clean energy” to stave off the worst effects of climate change and “to build a more healthy, prosperous and secure future where everyone has access to clean and affordable energy supplies”. He warns: “If energy transitions and clean energy investment do not quickly pick up speed in emerging and developing economies, the world will face a major fault line in efforts to address climate change and reach other sustainable development goals.” This is because most growth in global emissions in the coming decades is set to come from emerging and developing economies as they grow, industrialise and urbanise.

Date: Friday, 11 June 2021
Original article: neimagazine.com/news/newsiea-sees-no-place-for-nuclear-in-financing-clean-energy-transitions-in-emerging-economies-8810910

Political wrangling over the classification of nuclear energy in taxonomies contradicts the low-carbon ambition of the Paris Agreement, Philippe Knoche, CEO of Orano, said last week during World Nuclear Association's Strategic eForum on Sustainable Finance. Knoche was joined on the panel by representatives of the International Monetary Fund (IMF), Rothschild & Co, Brazil's National Bank for Economic and Social Development, Banque de France and the Network for Greening the Financial System (NGFS), who all said investment in new nuclear projects requires political consensus that is currently absent from some debates on sustainable finance.

Date: Tuesday, 23 March 2021
Original article: world-nuclear-news.org/Articles/Taxonomies-must-reflect-climate-goals-says-Orano-C

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