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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

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.

Date: Friday, 26 January 2024
Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539

The 28th UN Climate Change Conference of the Parties (COP28) ended in Dubai with a lengthy agreement unanimously adopted by all parties calling for a transitioning away from fossil fuels and an acceleration of zero- and low-emission technologies. Although nuclear was included, it was mentioned just once in paragraph 28, sub-section (e) of the 197-paragraph text.

Date: Friday, 15 December 2023
Original article: neimagazine.com/news/newscop28-ends-with-agreement-to-accelerate-green-technologies-including-nuclear-11372830

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

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.

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

Global optimism ‘rising’ about potential of reactors to help achieve net zero emissions Fatih Birol (left) and Rafael Grossi at the International Atomic Energy Agency discussion on nuclear power at Cop27 in Egypt. Courtesy IAEA. Nuclear power is making “a strong comeback”, but the international financial community has so far “failed” to provide the level playing field needed for nuclear to help the world tackle its most pressing challenges, from climate change to sustainable development, International Energy Agency (IEA) executive director Fatih Birol told the Cop27 United Nations climate conference in in Sharm El Sheikh, Egypt.

Birol told an International Atomic Energy Agency (IAEA) discussion on nuclear power: “I don’t give them a passing grade.”

“Countries that were saying goodbye to nuclear power, they are rethinking their plans,” Birol said, adding that the IEA had been engaged in talks with both Belgium and Germany.

“We are very happy that both governments are now in the process of postponing their nuclear phaseout plans, understanding the role that nuclear plays in addressing this energy security challenge,” he said.

In addition, another group of countries is now considering extending the lifetime of their existing nuclear power reactors to respond to this challenge, which is one of the cheapest forms of low carbon power, Birol said. Still another group of countries are rolling out plans to build new reactors, including seemingly “surprising” ones such as the Netherlands and Poland as well as Japan and South Korea.

Date: Friday, 11 November 2022
Original article: nucnet.org/news/nuclear-making-strong-comeback-but-financial-community-has-failed-to-provide-level-playing-field-11-4-2022

Nuclear generation bounced back from the pandemic-related decline seen in 2020, increasing by 100 TWh to reach 2653 TWh in 2021, according to World Nuclear Association's latest performance report which has just been published.

Date: Wednesday, 27 July 2022
Original article: world-nuclear-news.org/Articles/Energy-security-bolstered-by-more-nuclear-generati

Seoul to resume construction of two units as president says building reactors is ‘global trend’ Work on Shin-Hanul-3 and Shin-Hanul-4 was halted in 2017 under the nuclear phaseout policy of the previous administration. Courtesy KHNP. South Korea has announced a new energy policy that calls for a “feasible and reasonable energy mix” with construction of the Shin-Hanul-3 and - 4 nuclear powers to resume and the aim of increasing the share of nuclear power to a minimum of 30% by 2030.

The policy effectively reverses the previous administration’s plans to phase out commercial nuclear energy.

Former president Moon Jae-in’s policy had been to retire the country’s 24 commercial reactors, which supply about 30% of its electricity generation, and refrain from building new ones.

By contrast, new president Yoon Suk-yeol, who took office earlier this year, is bullish on the need for South Korea to embrace nuclear energy. He has said building nuclear power plants is a global trend and essential to the reduction of carbon and energy security, noting that the EU had recently classified nuclear power as green energy in its sustainable finance taxonomy.

Date: Thursday, 07 July 2022
Original article: nucnet.org/news/new-energy-policy-reverses-phaseout-plans-and-targets-30-nuclear-share-in-2030-7-3-2022