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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.

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

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.

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

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

The International Atomic Energy Agency (IAEA) on 17 October took delivery of a shipment of low enriched uranium (LEU) at the purpose-built LEU Bank in Kazakhstan which is intended to provide assurance to countries about the availability of nuclear fuel. “With the arrival of the first shipment, the IAEA LEU Bank is now established and operational,” IAEA Acting Director General Cornel Feruta said. “It is the first time the Agency has undertaken a project of this legal, operational and logistical complexity.”

Date: Thursday, 24 October 2019
Original article: neimagazine.com/news/newsiaea-fuel-bank-begins-operation-7470035

The International Atomic Energy Agency took delivery of a shipment of low-enriched uranium (LEU) at a purpose-built facility in Kazakhstan on Thursday (17 October), officially establishing the agency’s LEU bank aimed at providing assurance to countries about the availability of nuclear fuel.

Owned by the IAEA and hosted by Kazakhstan, the bank is one of the agency’s most ambitious and challenging projects since it was founded in 1957. Plans for the facility were first passed by the IAEA board of governors in December 2010.

The bank has been fully funded by contributions from IAEA member states and other donors totalling $150m, covering estimated costs for 20 years of operation. Donors include the Nuclear Threat Initiative, the US, the European Union, the United Arab Emirates, Kuwait, Norway and Kazakhstan.

The bank offers a supply of last resort for IAEA member states that experience a supply disruption due to exceptional circumstances and are unable to secure nuclear power fuel from the commercial market, state-to-state arrangements or by any other means. It will be a physical reserve of 90 tonnes of LEU, the basic ingredient to fabricate fuel for nuclear power plants.

Date: Saturday, 19 October 2019
Original article: nucnet.org/news/first-delivery-sees-usd150-million-kazakhstan-facility-become-operational-10-5-2019