High Level Party Event: Financing Low Carbon Technology, Including Nuclear Energy

At COP28, parties agreed to triple global renewable energy generation capacity, and double the rate of energy efficiency improvements by 2030. In addition, 25 countries pledged to triple global nuclear capacity by 2050. Such expansion of clean energy and efficiency improvements are needed to meet the goals of the Paris Agreement, but financing is a key challenge.

This COP29 Presidency High Level event will discuss the financing options needed to address the required massive expansion of low-carbon technology deployment in both developed countries and emerging markets and developing economies (EMDEs). 

The event will explore the role of governments, the private sector as well as multilateral development banks to support financing and attract investments, along with the New Collective Quantified Goal (NCQG) for climate finance.

Speakers will share perspectives on financing clean energy transition, and elaborate how to accelerate action and raise ambition to reach global decarbonization objectives. The discussion will emphasize  how new partnerships can mobilize and unlock climate finance in line with the outcomes of the first Global Stocktake, the needs of EMDEs and the scale of the climate challenge.

*This event is by invitation only and held in the VVIP area with restricted access. Please approach the IAEA #Atoms4Climate Pavilion (A5) in area E from Monday November 11 to get your event tickets.