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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.

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

An International Atomic Energy Agency (IAEA) Integrated Regulatory Review Service (IRRS) team on 25 October concluded an 11-day mission to review the UK’s regulatory safety framework. The team said the UK is committed to strengthening its regulatory framework for nuclear and radiation safety and identified areas that would benefit from further enhancement. The UK has 15 operating nuclear power reactors at seven sites, generating 21% of its electricity, and two nuclear fuel reprocessing plants.

Date: Tuesday, 05 November 2019
Original article: neimagazine.com/news/newsiaea-reviews-uk-regulatory-framework-7487712

World Nuclear Association was invited to present this week at the opening of the International Atomic Energy Agency’s International Conference on the Management of Spent Fuel from Nuclear Power Reactors, Learning from the Past, Enabling the Future. Mikhail Baryshnikov (TENEX) and Cecile Evans (Orano), chair and deputy chair of the Sustainable Used Fuel Management Working Group, share the industry’s message.

Date: Wednesday, 26 June 2019
Original article: world-nuclear-news.org/Articles/Speech-The-sustainability-of-used-nuclear-fuel-man

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

The US administration on 2 November announced the reimposition of all US sanctions on Iran that had been lifted under the July 2015 Joint Comprehensive Plan of Action (JCPOA). This is the second raft of penalties reimposed since President Donald Trump withdrew from JCPOA in May, and they cover Iran's shipping, financial and energy sectors. The sanctions that come into force on 5 November penalise countries that do not stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including the central bank, a number of private financial institutions and state-run port and shipping companies. Eight countries, identified by officials as US allies, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. Pompeo did not identify the countries to be granted the waivers. But according to numerous reports, these include India, South Korea, Turkey, Japan and Italy.

Date: Monday, 05 November 2018
Original article: neimagazine.com/news/newsusa-ramps-up-sanctions-on-iran-6835977

A large increase in the use of nuclear power would help keep global warming to below 1.5 degrees, according to a United Nations report published today. The Intergovernmental Panel on Climate Change (IPCC) special report - Global Warming of 1.5 degrees - was commissioned by governments at the Paris climate talks in 2015 and will inform the COP24 summit in Katowice, Poland this December.

Date: Monday, 08 October 2018
Original article: world-nuclear-news.org/Articles/UN-report-shows-increased-need-for-nuclear

The results of a four-year International Atomic Energy Agency (IAEA) Coordinated Research Project (CRP) on improving system and safety analysis of sodium cooled fast reactors (SFRs) are now available. The recently published IAEA TECDOC, Benchmark Analysis of EBR-II Shutdown Heat Removal Tests, is a result of work done by experts from 19 organisations in 11 member states.

Date: Tuesday, 12 September 2017
Original article: neimagazine.com/news/newsiaea-concludes-research-project-on-fast-reactor-safety-5924019

Japan’s Toshiba Corp’s US nuclear subsidiary, Westinghouse Electric, filed for Chapter 11 bankruptcy in New York court. Westinghouse listed $10bn each in assets and liabilities in its filing in US Bankruptcy Court for the Southern District of New York.

Date: Wednesday, 29 March 2017
Original article: neimagazine.com/news/newswestinghouse-files-for-bankruptcy-5773901

Japan’s Toshiba, facing large cost overruns on flagship projects and continuing fallout from a financial scandal, delayed publication of its financial results for a second time on 14 March and said it would consider selling its controlling stake in  it’s Westinghouse US subsidiary. Toshiba also suggested  that Westinghouse could file for Chapter 11 bankruptcy protection. Acknowledging its worst ever financial crisis, Toshiba announced a three-year growth plan including  proposals to improve its management.

Date: Wednesday, 15 March 2017
Original article: neimagazine.com/news/newstoshiba-considers-sale-of-westinghouse-5763859