US unveils global strategy to commercialize fusion as source of clean energy during COP28

US unveils global strategy to commercialize fusion as source of clean energy during COP28

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at combatting climate change.

White House launches “International Partnerships in a New Era of Fusion Energy Development”
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White House launches “International Partnerships in a New Era of Fusion Energy Development”

The US announced “International Partnerships in a New Era of Fusion Energy Development”, issuing five goals for international partnership and collaboration opportunities on the way to fusion commercialization.

“Biggest piece of energy legislation in the UK’s history” will support UK’s fusion development
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“Biggest piece of energy legislation in the UK’s history” will support UK’s fusion development

On October 26, 2023, the UK’s Energy Act 2023 gained Royal Assent and was enacted to strengthen the UK’s long-term energy security and support affordable clean energy. The UK will become the first country to legislate for fusion regulation, which will foster the growth of the domestic fusion industry in support of the UK’s goal for a prototype fusion power plant by 2040.

Fusion in EU Net Zero Industry Act
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Fusion in EU Net Zero Industry Act

On November 21, the European Parliament adopted its position on the Net Zero Industry Act (NZIA), amending the initial proposal of the Commission to include “fusion energy technologies” among the net-zero technologies in their aims to boost decarbonization efforts in Europe. The Act sets a target for Europe to produce 40% of its annual deployment needs in net-zero technologies by 2030, to capture 25% of the global market value for these technologies, and to address challenges in scaling up these technologies’ manufacturing capacities.