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The U.S. has signed a nuclear cooperation pact with the Philippines that will see the U.S. provide technology and financial support to the Philippines, enabling the country to bolster its power supply and transition to cleaner forms of energy.
The agreement was signed by the Philippines’ energy secretary and U.S. Secretary of State Antony Blinken November 16 in San Francisco, California, according to the Associated Press.
“We see nuclear energy becoming a part of the Philippines’ energy mix by 2032, and we are more than happy to pursue this path with the United States as one of our partners,” said Philippine President Ferdinand Marcos Jr. at the signing ceremony that took place on the sidelines of the Asia Pacific Economic Cooperation summit.
Marcos Jr. said the agreement, known as a Section 123 deal, will support the development of reliable, affordable and sustainable power in the Philippines. He added that it will also allow further investment in the country from U.S. companies.
The Philippines aims to cut its greenhouse gas emissions by 75% by 2030. Blinken added that nuclear energy will help the country meet this goal.
“With access to U.S. material and equipment, the U.S. and the Philippines will be able to work together to deploy advanced new technologies, including small modular reactors, to support climate goals as well as critical energy security and baseload power needs within the Philippines,” Blinken said. “In a nation of more than 7,000 islands, small modular reactors -– some just the size of a city bus -– can generate energy locally and conveniently.”
The U.S. currently has 23 Section 123 agreements in place enforcing nuclear cooperation with 47 countries.
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