Press release
Constellation Joins Climate Leaders at COP28; Signs Industry Pledge to Triple Nuclear Energy by 2050
Constellation leaders joined other nuclear energy operators in hailing the agreement as a clean energy game-changer during the climate conference in Dubai
About this update from Constellation Energy Corporation
[{"type":"text","content":"\nConstellation leaders joined other nuclear energy operators in hailing the agreement as a clean energy game-changer during the climate conference in Dubai\n\n\n DUBAI, United Arab Emirates--(BUSINESS WIRE)--\nConstellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., kicked off its participation in the COP28 climate summit by joining a global list 120 nuclear industry companies and organizations in 25 countries pledging to support at least tripling the amount of zero-carbon nuclear energy globally by 2050 as part of an urgent strategy to address the climate crisis. The pledge followed a similar declaration Saturday by the United States and 21 other countries, highlighting strong global recognition that new and existing nuclear generation must play a critical role in any credible plan to reach net zero emissions in time to prevent the worst effects of climate change.\n\n\nDavid Brown, Constellation’s senior vice president of Federal Government Affairs & Public Policy, and Katherine Ott, vice president of Sustainability and Climate Strategy, joined other industry leaders assembled in Dubai in hailing the agreement as a major advancement in the global effort to address the climate crisis.\n\n\n“In the closing days of the hottest year on record, world leaders are sending a clear message about the unique value of nuclear energy as a climate solution,” Brown said. “There is growing acknowledgement that to solve this crisis, we need to complement intermittent renewable energy with massive amounts of additional clean energy that can operate reliably around-the-clock and in all weather conditions, and nuclear consistently delivers on that promise. If we are going to achieve zero emissions by 2050 and keep the lights on, it simply must be part of the solution.”\n\n\nBrown and Ott took part in a series of panel discussions and other events at COP28 highlighting the role nuclear energy can play in decarbonizing not just the electric grid, but other parts of the economy, as well, with clean energy matched with demand in every hour of every day.\n\n\nWith a generation fleet that is already nearly 90 percent carbon-free and has the lowest emissions rate among large producers, Constellation has pledged to produce 100 percent of its energy with clean sources by 2040. To help reach its 100 percent goal, Constellation i...