Fourteen major financial institutions on Monday (23 September) publicly expressed their support for tripling global nuclear energy capacity by 2050 during discussions at Climate Week in New York City.

The institutions joined heads of state, ministers and leaders from the nuclear, financial and heavy industry sectors in co-signing an announcement backing the Declaration to Triple Global Nuclear Energy Capacity by 2050.

First launched at Cop28 in 2023, the declaration – now backed by banks including Bank of America, Goldman Sachs, Morgan Stanley, BNP and Citigroup among others – calls for the expansion of nuclear energy to combat climate change and stem global increases in temperature.