Cop28 / US Unveils ‘Key Financial Tools’ To Support Global Small Modular Reactor Rollout

‘Sapporo 5’ also announce plans to expand nuclear fuel production capacity

US Unveils ‘Key Financial Tools’ To Support Global Small Modular Reactor Rollout
Exim Bank chair Reta Jo Lewis (left) and US under-secretary of state for arms control and international security Bonnie Jenkins at Cop28.

The US has announced key financial tools that it says will support small modular reactor (SMR) deployment and help US exporters compete globally as new nuclear energy systems are rolled out in the fight against climate change and to increase energy security.

US under-secretary of state for arms control and international security Bonnie Jenkins and US Export-Import Bank (Exim Bank) chair Reta Jo Lewis announced the measures at the UN Cop28 climate change conference in Dubai, United Arab Emirates.

The US State Department said in a statement the measures were in response to the significant global interest in deploying US SMRs and would “increase the access to safe and secure nuclear energy supply”.

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