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World leaders gathered in Brussels at the first ever Nuclear Energy Summit co-chaired by the Prime Minister of Belgium Alexander De Croo and the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi. The Summit was the highest-level meeting to date exclusively focused on the topic of nuclear energy. It followed inclusion of nuclear energy in the Global Stocktake agreed at the UN Climate Change Conference (COP28) in Dubai in December 2023 and the launch of the IAEA’s Atoms4NetZero initiative.

Source: NEI Magazine
Date: Wednesday, 27 March 2024
Original article: neimagazine.com/news/newsnuclear-energy-summit-attracts-world-leaders-11632691

Leaders and representatives from 32 countries at the Nuclear Energy Summit backed measures in areas such as financing, technological innovation, regulatory cooperation and workforce training to enable the expansion of nuclear capacity to tackle climate change and boost energy security.

Source: World Nuclear News
Date: Friday, 22 March 2024
Original article: world-nuclear-news.org/Articles/Leaders-back-nuclear-at-summit

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

Renewables together with nuclear power are expected to meet the vast majority of the increase in global electricity demand over the next three years, making significant rises in the power sector's carbon emissions unlikely, according to a new International Energy Agency (IEA) report.

Source: World Nuclear News
Date: Friday, 10 February 2023
Original article: world-nuclear-news.org/Articles/IEA-highlights-nuclear-s-key-role-in-coming-years

Global optimism ‘rising’ about potential of reactors to help achieve net zero emissions Fatih Birol (left) and Rafael Grossi at the International Atomic Energy Agency discussion on nuclear power at Cop27 in Egypt. Courtesy IAEA. Nuclear power is making “a strong comeback”, but the international financial community has so far “failed” to provide the level playing field needed for nuclear to help the world tackle its most pressing challenges, from climate change to sustainable development, International Energy Agency (IEA) executive director Fatih Birol told the Cop27 United Nations climate conference in in Sharm El Sheikh, Egypt.

Birol told an International Atomic Energy Agency (IAEA) discussion on nuclear power: “I don’t give them a passing grade.”

“Countries that were saying goodbye to nuclear power, they are rethinking their plans,” Birol said, adding that the IEA had been engaged in talks with both Belgium and Germany.

“We are very happy that both governments are now in the process of postponing their nuclear phaseout plans, understanding the role that nuclear plays in addressing this energy security challenge,” he said.

In addition, another group of countries is now considering extending the lifetime of their existing nuclear power reactors to respond to this challenge, which is one of the cheapest forms of low carbon power, Birol said. Still another group of countries are rolling out plans to build new reactors, including seemingly “surprising” ones such as the Netherlands and Poland as well as Japan and South Korea.

Source: Nucnet
Date: Friday, 11 November 2022
Original article: nucnet.org/news/nuclear-making-strong-comeback-but-financial-community-has-failed-to-provide-level-playing-field-11-4-2022

In a special report the International Energy Agency (IEA) says that nuclear is set to make a "comeback" and sees capacity doubling between 2020 and 2050 in its global pathway to hit zero emissions.

Source: World Nuclear News
Date: Friday, 01 July 2022
Original article: world-nuclear-news.org/Articles/Nuclear-needed-to-play-key-role-in-hitting-climate

Belgium's planned phase-out of nuclear energy is likely to lead to greater use of gas-fired generation and increased emissions, according to a new policy review by the International Energy Agency (IEA).

Source: World Nuclear News
Date: Friday, 22 April 2022
Original article: world-nuclear-news.org/Articles/IEA-highlights-concerns-over-Belgian-nuclear-phase

The International Energy Agency (IEA) has set out a ten-point plan that could enable the European Union to reduce its imports of natural gas from Russia by more than one-third within a year, including maximising generation from existing low-emissions sources such as nuclear. Temporarily delaying the closure of EU reactors scheduled for shut-down over the next year could cut EU gas demand by almost 1 billion cubic metres per month.

Source: World Nuclear News
Date: Friday, 04 March 2022
Original article: world-nuclear-news.org/Articles/Reconsider-nuclear-shutdowns-to-cut-gas-imports,-I

Critics say gas plants are needed to replace reactors which, in turn, will increase CO2-emissions Belgium has seven commercial reactors with three at Tihange (pictured) and four at Doel. Courtesy Electrabel. The European commission has approved a capacity remuneration mechanism (CRM) in Belgium after concluding the measure does not distort competition in the single market – and despite criticism that it could lead to the construction of additional gas-fired capacity to compensate for a planned nuclear phaseout and make Belgium “one of the most polluting energy producers in Europe”.

The commission said the CRM will contribute to ensuring security of electricity supply, especially as Belgium has decided to phase out all commercial nuclear capacity by 2025.

The approval follows an in-depth investigation launched by the commission in September 2020 to assess if Belgian plans to introduce the national market-wide mechanism were in line with EU state aid rules.

The CRM, which is intended to replace the Belgian strategic reserve, will select beneficiaries through a competitive bidding process. They will be remunerated for their availability in situations where there is shortage of supply and receive capacity payment for the duration of the agreement, which would range between one and 15 years, depending on the size of investment.

Source: Nucnet
Date: Tuesday, 07 September 2021
Original article: nucnet.org/news/subsidy-approval-and-nuclear-phaseout-will-make-country-one-of-most-polluting-energy-producers-in-europe-9-1-2021

The urgent need to reduce emissions and slow global heating should involve the roll-out of more nuclear power stations, according to a new briefing released by the United Nations Economic Commission for Europe (UNECE) on 11 August. In the run up to the COP 21 meeting in Glasgow, UNECE argues that nuclear power can help deliver on the Paris Agreement and the 2030 Agenda for Sustainable Development. UNECE, set up in 1947, is one of five regional commissions of the United Nations. Its main aim is to promote pan-European economic integration. UNECE includes 56 member states in Europe, North America, Central Asia and Western Asia.

Source: NEI Magazine
Date: Thursday, 19 August 2021
Original article: neimagazine.com/news/newsunece-says-nuclear-power-essential-to-achieve-climate-goals-9007938

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