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After falling by about 1% in 2020 due to the impacts of the COVID-19 pandemic, global electricity demand will increase by 5% in 2021 and 4% in 2022, according to the International Energy Agency (IEA). However, almost half of this increase will be from fossil fuels - notably coal - threatening to push CO2 emissions from the power sector to record levels in 2022. Nuclear power generation is forecast to grow by around 1% in 2021 and by 2% in 2022.
- Source: World Nuclear News
- Date: Friday, 16 July 2021
- Original article: world-nuclear-news.org/Articles/Emissions-set-to-rise-with-growth-in-coal-use,-say
Annual investment in clean energy in emerging and developing economies will need to increase sevenfold by 2030 if the world is to reach net-zero emissions by 2050, according to a new report from the International Energy Agency. Financing Clean Energy Transitions in Emerging and Developing Economies is a collaboration between the IEA, the World Bank and World Economic Forum.
- Source: World Nuclear News
- Date: Friday, 11 June 2021
- Original article: world-nuclear-news.org/Articles/Clean-energy-should-be-investment-priority-IEA
The International Energy Agency (IEA) World Energy Investment 2021 report, released on 1 June, global investment in energy is set to rebound by nearly 10% in 2021 to $1,900 billion reversing most of he adverse effects of the Covid-19 pandemic. However, spending on clean energy transitions are not sufficient to meet climate goals.
- Source: NEI Magazine
- Date: Friday, 04 June 2021
- Original article: neimagazine.com/news/newsiea-report-on-energy-investment-barely-mentions-nuclear-8788502
In its latest Energy Policy Review of Spain released on 26 May, the International Energy Agency (IEA) says Spain has made considerable progress towards its goal of reaching net zero emissions by 2050, but future gains need to be supported by stable policies, adequate public financing and incentives for private investment.
- Source: NEI Magazine
- Date: Friday, 28 May 2021
- Original article: neimagazine.com/news/newsiea-report-on-spain-says-nuclear-phase-out-bears-watching-8773076
In a review of Spain's energy policy, the International Energy Agency (IEA) says the country should consider the usefulness of nuclear energy, including for non-electricity applications, for diversifying technical options to achieve long-term carbon neutrality by 2050. Under Spain's current policy, operation of its fleet of seven nuclear power reactors will be phased out by 2035. The country aims to generate all of its electricity from renewable sources by 2050.
- Source: World Nuclear News
- Date: Friday, 28 May 2021
- Original article: world-nuclear-news.org/Articles/Nuclear-could-help-Spain-reach-net-zero-goal-says
The report warns that “given the great challenge” for achieving carbon neutrality in 2050, the high level of nuclear technology infrastructure and skilled professionals in Spain could be used for developing and implementing long-term energy strategies including using nuclear to contribute to the decarbonisation of the electricity system and hard-to-abate sectors such as manufacturing and transport
Spain has decided to phase out its fleet of seven commercial nuclear reactors by 2035, but the report warns this might not be straightforward.
It says the government needs to closely monitor the financial situation of its “excellent” reactor fleet to prevent any unforeseen or sudden final shutdowns that could significantly deteriorate the security of electricity supply.
The phaseout of low-carbon nuclear, along with a planned phaseout of coal plants, means natural gas combined-cycle plants will be crucial to balancing out a power system that is heavily dependent on variable renewables once coal and nuclear have left the market.
- Source: Nucnet
- Date: Thursday, 27 May 2021
- Original article: nucnet.org/news/iea-says-madrid-should-not-rule-out-long-term-use-of-nuclear-technology-5-3-2021
Countries need to match their pledges to reduce global warming with "real-world" actions, International Energy Agency (IEA) Executive Director Fatih Birol said today. Speaking on Day 2 of the Leaders Summit on Climate, Birol commended US President Joe Biden for convening the meeting within 100 days of taking office, and he welcomed the commitments from world leaders to reduce emissions.
- Source: World Nuclear News
- Date: Saturday, 24 April 2021
- Original article: world-nuclear-news.org/Articles/Climate-commitments-are-not-enough-,-says-Birol
Global energy-related carbon dioxide emissions are on course to increase by 1.5 billion tonnes in 2021 - the biggest annual rise in emissions since 2010, according to the International Energy Agency (IEA). This increase, reversing most of last year's decline caused by the COVID-19 pandemic, is being driven by a strong rebound in demand for coal in electricity generation.
- Source: World Nuclear News
- Date: Wednesday, 21 April 2021
- Original article: world-nuclear-news.org/Articles/Coal-demand-to-boost-CO2-emissions-in-2021-says-IE
The International Energy Agency (IEA) has published Seven Key Principles for Implementing Net Zero to ensure "dramatic acceleration of progress towards clean growth and resilience". The document, which has so far been welcomed by 20 countries, was published following the IEA-COP26 Net Zero Summit yesterday.
- Source: World Nuclear News
- Date: Friday, 02 April 2021
- Original article: world-nuclear-news.org/Articles/IEA-unveils-7-key-principles-for-net-zero
Greening our economies is not just smart for the planet; most likely it is also the surest and cheapest route back to a prosperous global economy. This is the conclusion of a working paper the International Monetary Fund (IMF) will publish tomorrow, one of its co-authors said today during World Nuclear Association's Strategic eForum on Sustainable Finance. The virtual conference examined the measures needed to ensure nuclear energy can make its fullest contribution to the twin goals of decarbonisation and economic recovery from the pandemic.
- Source: World Nuclear News
- Date: Friday, 19 March 2021
- Original article: world-nuclear-news.org/Articles/IMF-lead-evaluator-Aligning-the-stars-for-clean-en