After being on hand Dec. 2, in Dubai to witness Canada and more than 20 other countries launch a declaration to triple global nuclear generation capacity by 2050, Bruce Power has signed a Net Zero Nuclear Industry Pledge to help achieve this lofty goal.
The Industry Pledge was launched today in co-ordination with the Ministerial Declaration in which signatory countries committed to work together to advance a global aspirational goal of tripling nuclear energy capacity by 2050, a significant call to action during the World Climate Action Summit of the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28).
The Industry Pledge commits Bruce Power and 119 other nuclear energy industry signatories, headquartered in 25 countries and active in over 140 nations worldwide, to work toward the ambitious goal in support of global decarbonization and clean energy efforts.
“We’re thrilled with this global commitment to nuclear as a proven source of clean energy and in the recognition that it’s a solution that needs to grow at a rapid pace to meet electrification and climate targets,” said Mike Rencheck, Bruce Power’s President and CEO. “Ontario and Canada are among the world leaders in embracing this clean technology and by signing onto this industry pledge, we’re committing to sharing our expertise in nuclear operation and projects, while also working with governments, regulators and other stakeholders to meet the targets and goals set out in the pledges.”
The Ministerial Declaration cited analysis from the International Energy Agency (IEA) showing nuclear power more than doubling from 2020 to 2050 in global net-zero emissions by 2050 scenarios and shows that decreasing nuclear power would make reaching net zero more difficult and costly.
Bruce Power is supporting future clean energy targets by renewing its fleet though its Life Extension Program and Major Component Replacement projects, investing in increasing net peak output from its existing assets through Project 2030 and is starting the process to study the feasibility and impacts of new nuclear with its Bruce C project.
About Bruce Power
Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and cancer-fighting medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram, TikTok and YouTube.