The world’s biggest banks have backed a call to triple global nuclear energy capacity by 2050

14 organizations, including Bank of America, Morgan Stanley and Goldman Sachs, have backed the COP28 call to triple global nuclear energy capacity by 2050. The banks expressed their support at New York Climate Week. The move is a recognition of the role nuclear can play in the energy transition, say experts. Nuclear energy produces no direct greenhouse gas emissions, but over the past few decades, new nuclear projects have struggled to win financial backing.