Global interest in investing in nuclear power is strong because of its potential major contribution to decarbonising electricity supply and increasing energy security of supply. But it is by no means certain that there will be a large increase in installed nuclear capacity. Investors in new nuclear currently face significant risks of cost overruns. In addition, its value in delivering low carbon energy is not necessary reflected in revenues. There is also a constraint to the volume of finance that the sector may attract. I argue here that a new type of global nuclear financing vehicle is needed that would route finance to nuclear power.
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