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The International Energy Agency (IEA) in its latest report, Electricity 2024, dedicates a significant amount of space to nuclear power – a departure from its previous studies which treated it as peripheral. In its press release on the new report, IEA says the increase in electricity generation from renewables and nuclear "appears to be pushing the power sector's emissions into structural decline". Over the next three years, low-emissions generation is set to rise at twice the annual growth rate between 2018 and 2023. Global emissions from electricity generation are expected to decrease by 2.4% in 2024, followed by smaller declines in 2025 and 2026.

Date: Friday, 26 January 2024
Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.

New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.

On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.

Date: Tuesday, 10 January 2023
Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023

In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero

Date: Wednesday, 09 November 2022
Original article: world-nuclear-news.org/Articles/In-Quotes-Cameco-s-Tim-Gitzel-WNN-podcast-on-nucle

After falling by about 1% in 2020 due to the impacts of the COVID-19 pandemic, global electricity demand will increase by 5% in 2021 and 4% in 2022, according to the International Energy Agency (IEA). However, almost half of this increase will be from fossil fuels - notably coal - threatening to push CO2 emissions from the power sector to record levels in 2022. Nuclear power generation is forecast to grow by around 1% in 2021 and by 2% in 2022.

Date: Friday, 16 July 2021
Original article: world-nuclear-news.org/Articles/Emissions-set-to-rise-with-growth-in-coal-use,-say

The post-COVID economic recovery and the clean energy transition present a huge opportunity from which all nations can benefit, delegates at the IEA-COP26 Net Zero Summit agreed. Over 40 countries, covering more than 80% of global GDP, population and carbon emissions, took part in the event on 31 March to identify how to work together to meet the goals of the Paris Agreement. They included the USA, which re-joined the 2015 climate accord earlier this year.

Date: Wednesday, 07 April 2021
Original article: world-nuclear-news.org/Articles/Ministers-chart-the-path-to-COP26

Global electricity demand is set to decline 2% in 2020 due to the COVID-19 pandemic, according to the International Energy Agency's (IEA's) first ever Electricity Market Report, which was published today. Nuclear power generation is set to fall by about 4% this year, it says. Global electricity demand is forecast to grow by around 3% next year.

Date: Tuesday, 15 December 2020
Original article: world-nuclear-news.org/Articles/IEA-charts-COVID-s-impact-on-electricity-market

It is understandable that the nuclear power industry feels it has been left "in limbo" by the European Commission's taxonomy on sustainable finance, even though its low-carbon credentials are clear, an adviser to the Technical Expert Group (TEG) that developed the guidance said last week. Sean Kidney, CEO of the Climate Bonds Initiative, participated in the 28 July webinar-based discussion of a newly published Policy Brief by the OECD-Nuclear Energy Agency (NEA), Unlocking financing for nuclear energy infrastructure in the COVID-19 economic recovery.

Date: Tuesday, 04 August 2020
Original article: world-nuclear-news.org/Articles/EU-Taxonomy-leaves-low-carbon-nuclear-in-limbo-adm

As a result of higher energy consumption, CO2 emissions rose 1.7% last year and hit a new record, according to the latest data from the International Energy Agency (IEA). The Paris-based agency’s Global Energy & CO2 Status Report, released today, shows that the global energy system emitted 33 billion tonnes of CO2 in 2018.

Date: Tuesday, 26 March 2019
Original article: world-nuclear-news.org/Articles/IEA-demands-increase-in-clean-energy-as-emissions