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Mikhail Chudakov, IAEA's Deputy Director General, indicates a significant shift towards nuclear energy, with over 30 countries committing to triple their nuclear capacity by 2050. He cites energy security and the need for clean energy as key reasons for this trend.

Chudakov argues that nuclear power offers a predictable cost per kilowatt hour over decades, contrasting it with renewables like solar and wind, which have hidden costs. He notes rising interest in small modular reactors (SMRs) for their lower upfront costs and adaptability, with countries like Singapore exploring nuclear options. Chudakov emphasizes that nuclear could contribute 25-40% of global electricity to meet CO2 reduction targets.