The International Atomic Energy Agency (IAEA) Conference on Climate Change and the Role of Nuclear Power was held in Vienna from October 7 to 11.

The conference was organized with the support of the Organization for Economic Cooperation and Development (OECD) and the Nuclear Energy Agency (NEA), which is part of its structure.

The conference is the first of the kind event organized under the auspices of the IAEA. It was attended by about 550 representatives of 79 countries and 18 international organizations to exchange information and experience, as well as to conduct objective discussions on the role of nuclear power in combating climate change.

Polina Lyon, Chief Sustainability Officer, was among of the representatives of Rosatom.

In her report, she addressed the challenges associated with the formation of regulation in the field of sustainable development. The EU Taxonomy for Sustainable Financing was considered as an example. The speaker noted that, despite the direct contribution of nuclear power to the achievement of at least six UN Sustainable Development Goals, the classification prepared in the EU does not include nuclear projects as potentially “sustainable”.

According to P. Lyon, additional criteria for confirming “sustainability” similar to the OECD regulation in the field of export credit may be an alternative solution, instead of excluding certain sectors.

Lyon emphasized the importance of security guarantees, transparency and economic efficiency for nuclear projects. In addition, she pointed out the need for a constant dialogue between energy market participants to jointly develop balanced energy solutions for sustainable initiatives.

Vladimir Artisyuk, Adviser to Director General of Rosatom emphasized in his report “Climate Change & Nuclear Power. Russian Case” that the role of nuclear power in the process of reducing greenhouse gases is significant.

About Rosatom

ROSATOM is the only company in the world to offer integrated clean energy solutions across the nuclear supply chain and beyond, including design, construction and operation of nuclear power stations, uranium mining, conversion and enrichment, supply of nuclear fuel, decommissioning, spent fuel storage and transportation and safe nuclear waste disposal. With 70 years’ continuous experience, the company is the world leader in high-performance solutions for all kinds of nuclear power plants. It is also working in the segments of wind generation, nuclear medicine, energy storage and other.

Headquartered in Moscow, the company brings together over 300 enterprises and organizations and over 250,000 employees. Globally, the company has the second biggest uranium reserves, has more than a third of the world’s enrichment market, and is the world’s biggest builder of the latest generation nuclear power stations and US$133 billion 10-years export order book. To learn more, please visit: www.rosatom.com.

 

Source: Ghana/Starrfm.com.gh/103.5FM