New Global Coalition Pushes Nuclear Energy Through Philanthropic Funding
A new global initiative aims to boost nuclear energy through philanthropic funding. The Rockefeller Foundation and Temasek Trust have launched the Global Coalition for Nuclear Philanthropy. Its mission is to support clean, reliable power in developing economies while tackling climate change. The coalition plans to channel more funding into nuclear energy over the next five to ten years. Currently, only 0.1–0.2% of climate philanthropy goes toward nuclear projects. Organisers want to change this by focusing on four key areas: building public support, expanding expertise, improving financial viability, and strengthening governance.
The initiative aligns with the COP28 Declaration to Triple Nuclear Energy, backed by 38 countries. Ashvin Dayal, Senior Vice President for Power at The Rockefeller Foundation, stressed the need for safe, abundant baseload power in emerging markets. Desmond Kuek, CEO of Temasek Trust, called nuclear energy a vital tool in the fight against climate change. Founding members include Blue Horizons Foundation, CleanEcon, Founders Pledge, Ray Rothrock, and the Rodel Foundation. The Oppenheimer Project will serve as a strategic partner, while TT Foundation Advisors provides infrastructure support. The coalition is now inviting additional philanthropic organisations to join.
The coalition’s work will focus on increasing nuclear energy’s role in clean power, economic growth, and human development. By mobilising more funding, it hopes to address long-standing gaps in climate philanthropy. The effort comes as global leaders push for expanded nuclear capacity to meet energy and climate goals.
