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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.

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

Nuclear energy provides enormous opportunities to bring about a fast, cost-effective and just decarbonisation, World Nuclear Association Director General Sama Bilbao y León said yesterday in a COP26 event titled The Role of Nuclear Energy in a Net-Zero Future. Innovations in technologies - such as small modular reactors (SMRs) - and new ways of financing projects will help nuclear play its role in decarbonising the world, participants said.

Source: World Nuclear News
Date: Saturday, 06 November 2021
Original article: world-nuclear-news.org/Articles/Nuclear-a-vital-tool-in-achieving-decarbonisation,

The International Energy Agency’s (IEA’s) latest flagship report, “Financing clean energy transitions in emerging and developing economies,” barely mentions nuclear, except in passing, in its 237 pages. In his Foreword to the report, IEA Executive Director Dr Fatih Birol says the IEA “has made it crystal clear that countries around the world must urgently accelerate their transitions to clean energy” to stave off the worst effects of climate change and “to build a more healthy, prosperous and secure future where everyone has access to clean and affordable energy supplies”. He warns: “If energy transitions and clean energy investment do not quickly pick up speed in emerging and developing economies, the world will face a major fault line in efforts to address climate change and reach other sustainable development goals.” This is because most growth in global emissions in the coming decades is set to come from emerging and developing economies as they grow, industrialise and urbanise.

Source: NEI Magazine
Date: Friday, 11 June 2021
Original article: neimagazine.com/news/newsiea-sees-no-place-for-nuclear-in-financing-clean-energy-transitions-in-emerging-economies-8810910

Political wrangling over the classification of nuclear energy in taxonomies contradicts the low-carbon ambition of the Paris Agreement, Philippe Knoche, CEO of Orano, said last week during World Nuclear Association's Strategic eForum on Sustainable Finance. Knoche was joined on the panel by representatives of the International Monetary Fund (IMF), Rothschild & Co, Brazil's National Bank for Economic and Social Development, Banque de France and the Network for Greening the Financial System (NGFS), who all said investment in new nuclear projects requires political consensus that is currently absent from some debates on sustainable finance.

Source: World Nuclear News
Date: Tuesday, 23 March 2021
Original article: world-nuclear-news.org/Articles/Taxonomies-must-reflect-climate-goals-says-Orano-C

The International Energy Agency (IEA) announced that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050. This is part of its strategy to further strengthens its leadership role in global clean energy transitions.  

Source: NEI Magazine
Date: Thursday, 14 January 2021
Original article: neimagazine.com/news/newsiea-to-produce-roadmap-to-achieve-net-zero-by-2050-8453193

Nuclear power must be included in all debates about the clean energy transition and tackling climate change, International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi said today at the opening session of the Agency's Scientific Forum 2020. Panellists in the first session agreed there were issues that the industry must address in order to support its messages about the benefits of nuclear energy.

Source: World Nuclear News
Date: Wednesday, 23 September 2020
Original article: world-nuclear-news.org/Articles/IAEA-head-calls-for-nuclear-to-have-a-place-in-all

Policy uncertainty is ‘preventing industry from making investment decisions’ Policy uncertainty in a number of countries is preventing the nuclear industry from making investment decisions and “forthright recognition” by governments of the value of nuclear energy would encourage policymakers to explicitly include nuclear in their long-term energy plans and commitments under the Paris Agreement, the International Energy Agency has said.

The Paris-based agency said in a report on meeting climate goals that nuclear policy uncertainty is partly the result of inconsistencies between stated policy goals – such as climate change mitigation – and policy actions.

While some countries maintain they can meet decarbonisation objectives while phasing out nuclear (Belgium, Germany, Spain, Switzerland) or reducing its share (France), others continue to recognise the need to increase nuclear reliance: China, Russia, India, Argentina, Brazil, Bulgaria, the Czech Republic, Egypt, Finland, Hungary, Poland, Saudi Arabia, the United Arab Emirates, the UK and Uzbekistan.

In late 2018, the EU long-term energy strategy clearly stated that nuclear power – together with renewables – will form the backbone of the EU power system in order to reach carbon neutrality by 2050, the IEA said. At the same time, ongoing EU taxonomy discussions regarding the eligibility of nuclear power generation for sustainability funding highlight the difficulties in recognising the contribution that nuclear energy makes to climate change mitigation.

Source: Nucnet
Date: Friday, 12 June 2020
Original article: nucnet.org/news/agency-calls-for-forthright-recognition-of-nuclear-energy-6-4-2020

The United Nations, the International Energy Agency (IEA) and the World Energy Council (WEC) are drawing global attention to the inherent qualities of nuclear power as a clean and reliable source of electricity. Now into its seventh decade, nuclear energy is seen by these and other prominent organisations as an existing and proven solution to the 21st Century challenges of climate change and a sustainable energy transition.

Source: World Nuclear News
Date: Friday, 06 September 2019
Original article: world-nuclear-news.org/Articles/Nuclear-power-is-the-silent-giant-being-invited-fi

A joint study by the OECD Nuclear Energy Agency (NEA) and the International Energy Agency (IEA) concluded that the costs of nuclear energy "remain in line" with those of other baseload technologies. The report, 'Projected Costs of Generating Electricity', estimates the average levelised cost of electricity (LCOE) for a NPP to be comparable to a coal plant and lower than a natural gas-fired power station. LCOE is the long-term price at which the electricity produced by a nuclear station will have to be sold for the investor to cover all costs.

Source: NEI Magazine
Date: Thursday, 03 September 2015
Original article: neimagazine.com/news/newsieanea-study-finds-nuclear-costs-competitive-4663058