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“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency's biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.

Date: Saturday, 08 April 2023
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Conference concludes in Washington DC IAEA International Ministerial Conference on Nuclear Power in the 21st Century was hosted by the US under the patronage of energy secretary Jennifer Granholm. Image courtesy IAEA. The IAEA International Ministerial Conference on Nuclear Power in the 21st Century concluded on Friday with an appeal by its director-general Rafael Grossi to global leaders to “advance the benefits” of nuclear power and commit to making nuclear contribute in the fight against climate change.

“In four years, another conference like this will take place. Let’s make it our commitment that many of the things that we said during these days in Washington needed to be done, are going to be already well under way,” Mr Grossi said in his concluding remarks.

“It is not only the good thing to do. It is what we all need,” he said.

Date: Wednesday, 02 November 2022
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IAEA Director General Rafael Mariano Grossi and US Energy Secretary Jennifer Granholm closed the IAEA International Ministerial Conference on Nuclear Power in the 21st Century which ended in Washington DC on 28 October. Grossi made a global appeal to advance the benefits nuclear energy in face of a pessimistic new report on climate change and the ongoing energy crisis.

Date: Tuesday, 01 November 2022
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NEA’s William Magwood chosen for ‘outstanding leadership’ William Donald Magwood, director-general of the OECD Nuclear Energy Agency (NEA). Image courtesy NEA. The 2022 International Nuclear Societies Council (INSC) global award has been won by William Donald Magwood, director-general of the Organisation for Economic Cooperation and Development’s Paris-based Nuclear Energy Agency (NEA), a spokesperson for the INSC said.

Mr Magwood was selected for the award for his outstanding leadership, achievements, and contributions to the progress in nuclear safety technology and peaceful use of nuclear energy, and his “competence, expertise, and ability in the advocacy of present and future nuclear technology”.

The award will be presented to Mr Magwood on 15 November 2022 at an INSC meeting in Phoenix, Arizona, said the award committee.

Date: Saturday, 29 October 2022
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A new report by the OECD Nuclear Energy Agency (NEA), “Beyond Electricity: The Economics of Nuclear Cogeneration”, published on 22 July says: “Nuclear energy is an important source of low-carbon electricity and plays a significant role in avoiding carbon emissions. It has the potential to contribute further to the decarbonisation of the world’s energy sector if it is also used to provide heat for industrial applications, which today mainly run on fossil fuels.”

Date: Friday, 29 July 2022
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South Korea’s Ministry of Trade, Industry and Energy has announced that the government would invest KRW1,400 billion ($1bn) in R&D related to the transport, storage and disposal of used nuclear fuel. According to the ministry, interim storage facilities will be prepared by 2043 after the initiation of disposal site selection scheduled for next year. The target year for permanent disposal facility preparation is 2060. The newly announced investment is to ensure a safe disposal by technological R&D as a part of the plan.

Date: Thursday, 28 July 2022
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All realistic options that might contribute to global net-zero must be considered, the Generation IV International Forum (GIF) has said in an open letter to COP26 President Alok Sharma. Nuclear systems and advanced reactors - such as Generation IV systems - can contribute to a net-zero society alongside renewable energies, it says.

Date: Saturday, 30 October 2021
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Global energy consumption and energy-related carbon dioxide emissions are set to increase in the period to 2050 as a result of population and economic growth if current policy and technology trends continue, according to the US Energy Information Administration's (EIA's) International Energy Outlook 2021 (IEO2021) which has been published this week. Although worldwide nuclear generation increases by 15% throughout the projection period, nuclear generation in OECD regions decreases by almost one-third.

Date: Saturday, 09 October 2021
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The Hunterston B nuclear station in England, where two units are scheduled to shut down in 2022. Courtesy EDF Energy. Worldwide nuclear generation increases by 15% until 2050, but in Organisation for Economic Cooperation and Development (OECD) regions it decreases by almost one-third, half of which occurs in OECD Europe, according to projections by the US Energy Information Administration.

In its International Energy Outlook 2021, the EIA says as coal-fired and nuclear generation decreases by almost one-third relative to 2020 levels, and natural gas-fired generation stays relatively flat, the share of renewables in the OECD Europe region increases from much less than half of the generation mix in 2020 to almost three-quarters by 2050.

This increase occurs as the use of non-renewable energy resources shifts from being the primary source of electricity toward serving as reliability support for the rising amounts of renewable energy.

Date: Friday, 08 October 2021
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Nuclear energy, as an asset class, has the potential to report well against a wide range of Environmental, Social and Governance (ESG) data collection and accounting metrics, according to a new report from the Generation IV International Forum (GIF). This should allow nuclear energy to be considered as an investable asset class, thereby allowing nuclear companies and projects to access climate finance.

Date: Wednesday, 08 September 2021
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