3 December 2023: Net Zero Nuclear, the initiative calling for collaboration among government, industry leaders and civil society to triple global nuclear capacity to achieve carbon neutrality by 2050, today announced Canada-based nuclear fuel company Cameco as a new partner in the coalition. Cameco joins the initiative at the Gold Partner level, highlighting industry support for this initiative, which was launched by the World Nuclear Association (WNA) and the Emirates Nuclear Energy Corporation (ENEC), with the support of the Atoms4NetZero initiative launched by the International Atomic Energy Agency (IAEA), at the World Nuclear Symposium in London earlier this year.
In the lead up to COP28, which will be hosted by the United Arab Emirates in Dubai next month, Net Zero Nuclear aims to bring together political leaders and industry leaders to engage in a data-driven, actionable, solutions-focused dialogue to enable the rapid expansion of the global nuclear fleet and the acceleration of research and development into emerging nuclear technologies. The initiative will work to ensure nuclear energy’s potential is fully realized in facilitating the decarbonization of global energy systems, by promoting the value of nuclear energy and removing barriers to its growth.
His Excellency Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of ENEC, which leads the UAE Peaceful Nuclear Energy Program and its flagship Barakah Nuclear Energy Plant, said: “We will only halt the devastating effects of climate change and reach our goal of net zero by working alongside the most prominent leaders in the nuclear energy industry. We celebrate this partnership with Cameco, a global leader in supplying nuclear fuel, which will greatly advance our mission. We look forward to collaborating on our quest to reach net zero and triple global nuclear capacity by 2050.”
“Increasingly, countries and companies around the world are counting on nuclear power to play a role in achieving their net-zero emissions targets while strengthening their energy security. Its importance as an essential source of sustainable, carbon-free, baseload electricity has never been greater,” said Cameco President and CEO Tim Gitzel. “As a major supplier to the global nuclear power sector, Cameco is committed to energizing a clean-air world. With our recent joint acquisition of Westinghouse, we are well-positioned to provide solutions for the increasing need for clean energy. Cameco is proud to stand with organizations, governments and industries worldwide in supporting Net Zero Nuclear at COP28.”
Dr Sama Bilbao y Leon, Director General of World Nuclear Association said: "A tripling of global nuclear capacity by 2050 will require contributions from across the nuclear fuel cycle and supply chain. I welcome Cameco's support for Net Zero Nuclear at COP28, as part of their continuing efforts to support the clean energy transition."
For more information on Net Zero Nuclear visit: netzeronuclear.org
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About Cameco
Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on our nuclear fuel products to generate safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.
About the Emirates Nuclear Energy Corporation
The Emirates Nuclear Energy Corporation (ENEC) is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. Established by decree in December 2009 by the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, ENEC represents all aspects of the United Arab Emirates Peaceful Nuclear Energy Program.
ENEC’s flagship Barakah Nuclear Energy Plant is generating safe, clean and reliable 24/7 electricity for the United Arab Emirates, supporting the Nation’s social and economic growth and tackling climate change. As a result, the Barakah Plant is a sustainable powerhouse for the Nation, spearheading the United Arab Emirates’ Net Zero by 2050 Strategic Initiative by leading the largest decarbonization effort in the UAE and Arab World. ENEC is exploring further opportunities through its R&D Roadmap, including advanced nuclear technologies such as Small Modular Reactor (SMR) technology and clean hydrogen generation, as well as in related industries, such as space exploration, agriculture and medicine.
About Nawah Energy Company
A Joint Venture subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), Nawah Energy Company has been mandated to safely operate and maintain Units 1 to 4 of the Barakah Nuclear Energy Plant in adherence to the highest standards of quality, safety, security, and operational transparency.
Nawah is a multinational, multicultural company committed to operating excellence through its skilled nuclear energy workforce in the United Arab Emirates, with a focus on the development of UAE Nationals, and ensuring the highest levels of efficiency and standards in operating the Barakah Plant.
About Barakah One Company
A Joint Venture subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), Barakah One Company is in charge of representing the financial and commercial interests of the Barakah Nuclear Energy Plant project.
For more information, visit www.enec.gov.ae
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About World Nuclear Association
World Nuclear Association is the international organisation that represents the global nuclear industry. Its mission is to promote a wider understanding of nuclear energy among key international influencers by producing
