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China leading in nuclear power investment
IEA director-general Fatih Birol presenting the World Energy Investment 2022 report at an online event this week. Image courtesy IEA.
Global energy investment is expected to increase by 8% in 2022, well above pre-pandemic levels in 2019, but a much higher growth pace is needed for clean technologies, including nuclear, to be on track for a 1.5°C stabilisation of the rise in global average temperatures, a new report by the International Energy Agency (IEA) found.
The IEA’s World Energy Investment report said global energy investment this year is projected to reach $2.4tn (€2.28tn), with the bulk going into renewables and grids.
The IEA’s World Energy Investment report said global energy investment this year is projected to reach $2.4tn (€2.28tn), with the bulk going into renewables and grids.
However, almost half of the increase in capital spending is linked to higher costs due to supply chain pressures instead of bringing additional energy supply capacity or savings.
- Source: Nucnet
- Date: Friday, 24 June 2022
- Original article: nucnet.org/news/global-clean-energy-investment-beats-pre-pandemic-levels-but-growth-insufficient-to-meet-climate-goals-6-4-2022
Failure to include a role for nuclear heat in mainstream scenarios proposed to achieve net-zero by 2050 is an opportunity lost, participants in a World Nuclear Association-hosted webinar, The role of nuclear beyond electricity, said yesterday.
- Source: World Nuclear News
- Date: Friday, 28 May 2021
- Original article: world-nuclear-news.org/Articles/Nuclear-innovation-needed-for-decarbonisation-webi