Investment in nuclear power must rapidly increase to $125bn (€115bn) a year by 2030 meet global climate targets, according to a new report, Climate Change and Nuclear Power 2024, by the International Atomic Energy Agency (IAEA).

The report says that nuclear power investment, both in nuclear new-build and long-term operation of existing reactors, needs to rise from the current average of $50bn a year to $125bn a year by 2030 to support ambitious projections to reach a 2.5-fold increase in nuclear capacity by 2050.