38 countries commit to tripling global nuclear energy capacity by 2050

38 countries, including China and Brazil, have committed to tripling global nuclear energy capacity by 2050 as part of efforts to achieve net-zero emissions. This initiative, originally launched at COP28 in December 2023 with 25 countries, aims to expand nuclear power to help limit global temperature increases to 1.5 degrees and decarbonize hard-to-electrify industrial sectors. Additionally, 27 countries expressed support for diversifying financing for nuclear projects, while 33 countries reaffirmed nuclear energy as a strategic resource for global electricity demand and decarbonization.

Counterparts (7)

Partner

Finland

company

Finland, a Nordic sovereign state, acts as a key developer, investor, and regulator in its national infrastructure, encompassing transport, energy, digital, and social sectors. It manages a portfolio of state-owned enterprises and drives strategic projects to enhance connectivity, energy security, and sustainability across the country.

Pakistan

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National Logistics Corporation (NLC) is a state-owned logistics and infrastructure development organization in Pakistan, established in 1978. It provides comprehensive logistics solutions, constructs major road networks, dry ports, and other civil infrastructure projects, and operates a large fleet across Pakistan and internationally, with a significant role in CPEC projects.

Japan

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Marubeni Corporation is a major Japanese general trading company with a global presence across diverse sectors including power, infrastructure, energy, and digital. It operates as an investor, developer, and operator, with a significant portfolio of over 40 GW in power generation assets worldwide.

Vietnam

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Hanoi-based infrastructure developer with 1 GW of operating assets across Vietnam, focusing on transportation and energy projects. Manages $1 billion in assets under management.

Republic of Korea

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Seoul-based sovereign wealth fund managing over $220 billion in assets globally as of 2023. KIC diversifies across public equities, fixed income, and alternative investments, including infrastructure, real estate, and private equity, with a focus on long-term stable returns.

United Kingdom

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National Grid plc is a multinational electricity and gas utility company operating regulated transmission and distribution networks in the United Kingdom and the Northeastern United States. It manages critical infrastructure for energy delivery and is actively investing in the energy transition, including offshore wind connections and interconnector projects.

Jordan

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The Jordan Company is a New York-based private equity firm founded in 1982, managing over $20 billion in capital. It focuses on acquiring and growing middle-market companies across diverse sectors including industrials, consumer, healthcare, and logistics & supply chain.