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US to Announce Nuclear Fusion Strategy at UAE COP28
(Reuters) The wire service reports that the US will lay out the first international strategy for commercializing nuclear fusion power at the UN climate summit in Dubai. US Special Envoy on Climate Change John Kerry will make the announcement at COP28. The former secretary of state will announce his plan to lay out the strategy, which foresees commercialization within years, not decades.
Kerry said in a statement to the wire service, “I will have much more to say on the United States’ vision for international partnerships for an inclusive fusion energy future at COP28. Decades of federal investment is transforming fusion from an experiment to “an emerging climate solution.”
Kerry said he will tout fusion as a climate “solution, not a science experiment.”
He told Reuters the fusion strategy will be a framework that lays out plans for the global deployment of the technology that could gain support from international partners. COP28, which runs from Nov. 30 to Dec. 12, will “be the starting gun for international cooperation” on nuclear fusion.
In 2023, international fusion companies have garnered about $1.4 billion in investments for a total of about $6.21 billion in mostly private money, the Fusion Industry Association said, down from about $2.83 billion in new investment last year.
However, the number of companies getting investments rose to 43 from 33, across a dozen countries, according to FIA, including the U.S. Other countries pursuing fusion include the UK, Germany, Japan, China and Australia.
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