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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

At the 28th Conference of the Parties to the original 1992 United Nations Framework Convention on Climate Change (COP28), 22 countries signed a declaration supporting tripling nuclear energy capacity by 2050. The document was signed by the heads of state, or senior officials, from Bulgaria, Canada, the Czech Republic, Finland, France, Ghana, Hungary, Japan, South Korea, Moldova, Mongolia, Morocco, the Netherlands, Poland, Romania, Slovakia, Slovenia, Sweden, Ukraine, the United Arab Emirates, the UK and the USA. China and Russia did not sign, although they have the world’s fastest growing and most ambitious nuclear power programmes.

Source: NEI Magazine
Date: Wednesday, 06 December 2023
Original article: neimagazine.com/news/newscop28-22-countries-target-tripling-global-nuclear-energy-capacity-by-2050-11347824

"A new clean energy economy is emerging - and emerging much faster than many realise," International Energy Agency (IEA) Executive Director Fatih Birol said at the launch of the agency's eighth World Energy Investment report.

Source: NEI Magazine
Date: Wednesday, 31 May 2023
Original article: neimagazine.com/news/newsiea-report-on-clean-energy-investments-says-little-about-nuclear-10897991

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.

Source: Nucnet
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

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

The current rate of deployment of low-carbon energy technologies and energy efficiency solutions in France is not fast enough for the government to meet its energy and climate targets, requiring stronger policy efforts and increased investments, according to the International Energy Agency’s (IEA’s) 2021 Energy Policy Review of France. 

Source: NEI Magazine
Date: Tuesday, 07 December 2021
Original article: neimagazine.com/news/newsiea-france-should-review-plans-to-reduce-nuclear-share-9300868

New report highlights current opportunities for progress in commercialisation of the technology The UK has shortlisted five sites as the potential future home of the country’s first prototype fusion energy plant. Courtesy UKAEA. Capital costs for the development of a new generation of nuclear fusion reactors are high at around £100/MWh, but a substantial programme of standard build could bring them down to a viable target of £60-£70/MWh, a report published by engineering group Assystem says.

According to the report, which examines the potential for fusion in the UK, the government has estimated the 2040 levelised costs of electricity (LCOE) for the UK for standalone offshore wind, onshore wind and large-scale solar of £40/MWh, £44/MWh and £33/MWh respectively.

The £60-£70/MWh cost for fusion “provides the first target for nuclear fusion to be economically competitive”, the report concludes. It says fusion is uncompetitive today with other low-carbon options available in the UK – including wind and light-water nuclear fission reactors. The reason for this is the combination of a relatively high construction cost (£5,887/kWe) and a low capacity factor (56%).

The International Energy Agency has put the LCOE for advanced nuclear at $63/MWh (about £45/MWh).

With an improved, large fusion design the construction cost decreases to £4,135/kWe and the capacity factor to 75%. These two effects improve the fusion economics, decreasing the LCOE into the range £60 to £97/MWh. For a small fusion design, the energy cost of 75 units is in the region of £69- £99/MWh – a range that is comparable to 10 units of large fusion reactors and also the energy cost of LWR fission reactors.

Source: Nucnet
Date: Saturday, 23 October 2021
Original article: nucnet.org/news/capital-costs-are-high-but-can-be-reduced-to-economically-competitive-level-10-4-2021

The latest report from the International Energy Agency (IEA) – “Achieving Net Zero Electricity Sectors in G7 Members” – released on 20 October, is designed to inform discussions at the November COP26 Climate Change Conference in Glasgow.

Source: NEI Magazine
Date: Friday, 22 October 2021
Original article: neimagazine.com/news/newsiea-looks-at-the-role-of-g7-countries-in-achieving-net-zero-9172719

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