The world must discuss concrete steps to get nuclear from “consensus to construction” with financing central to that conversation, International Atomic Energy Agency director-general Rafael Grossi said in a message to delegates at the Cop29 UN climate conference in Baku, Azerbaijan.

At a side event on financing low-carbon technologies, Grossi stressed the urgent need to mobilise capital to triple global nuclear capacity by 2050.

He said representatives from the Cop29 presidency, the International Energy Agency, the United Nations Economic Commission for Europe, multilateral development banks and the nuclear industry would meet to discuss the crucial role of governments, multilateral development banks and the private sector in financing low-carbon technologies, including nuclear.