As expected, a large number of nations at the COP28 climate conference in Dubai have issued a declaration to triple the world’s nuclear power capacity by 2050. John Kerry, U.S. special presidential envoy for climate, joined leaders and ministers from four continents on Saturday to announce the Declaration to Triple Nuclear Energy.

The United States will spearhead a pledge at the upcoming COP28 summit in Dubai to triple the world’s nuclear power capacity by 2050, according to a November 15 Bloomberg exclusive.

Barrasso

Sen. John Barrasso (R., Wyo.), the ranking member of the Senate’s Energy and Natural Resources Committee, earlier this month introduced legislation, the Combating Global Poverty Through Energy Development Act (S. 758), which aims at removing barriers put up by international financial institutions that limit support for both fossil fuel and nuclear energy projects.

“Developing countries desperately need affordable and reliable energy,” said Barrasso. “Instead of using all available energy options, the World Bank would rather score political points by boycotting critical coal, oil and gas projects. The solution to ending energy poverty does not lie in limiting options. Our bill will encourage the World Bank to eliminate barriers to traditional energy resources, or risk losing American taxpayer funding.”

The bill is cosponsored by Sens. Cynthia Lummis (R., Wyo.), Cindy Hyde-Smith (R., Miss.), Ted Cruz (R., Texas), John Hoeven (R., N.D.), Bill Hagerty (R., Tenn.), John Cornyn (R., Texas), and Jim Inhofe (R., Okla.).