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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.
- Source: NEI Magazine
- Date: Friday, 26 January 2024
- Original article: neimagazine.com/news/newsiea-acknowledges-significance-of-nuclear-energy-in-new-report-11463539
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.
- Source: NEI Magazine
- Date: Wednesday, 06 December 2023
- Original article: neimagazine.com/news/newscop28-22-countries-target-tripling-global-nuclear-energy-capacity-by-2050-11347824
IAEA highlights recent completion of reactor projects in China, Russia and US
- Source: Nucnet
- Date: Wednesday, 04 October 2023
- Original article: nucnet.org/news/new-techniques-undermining-common-argument-that-nuclear-plants-take-too-long-to-build-10-2-2023
In an update to its Net Zero Roadmap, published in 2021, the International Energy Agency (IEA) says the role of nuclear power has been revised upwards given recent policy support. In the updated net-zero emissions (NZE) scenario, nuclear generating capacity reaches 916 GWe in 2050, up from the 812 GWe given in the 2021 version.
- Source: World Nuclear News
- Date: Thursday, 28 September 2023
- Original article: world-nuclear-news.org/Articles/IEA-sees-greater-role-for-nuclear-in-attaining-net
"A new clean energy economy is emerging - and emerging much faster than many realise," International Energy Agency (IEA) Executive Director Fatih Birol said at the launch of the agency's eighth World Energy Investment report.
- Source: NEI Magazine
- Date: Wednesday, 31 May 2023
- Original article: neimagazine.com/news/newsiea-report-on-clean-energy-investments-says-little-about-nuclear-10897991
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.
- Source: Nucnet
- 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
In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero
- Source: World Nuclear News
- Date: Wednesday, 09 November 2022
- Original article: world-nuclear-news.org/Articles/In-Quotes-Cameco-s-Tim-Gitzel-WNN-podcast-on-nucle
The coalition envisions transforming the Midwest into a powerhouse for low-carbon fuel production. It said it will use nuclear power generated by Energy Harbor’s Davis-Besse nuclear station to produce carbon-free hydrogen through electrolysis.
The coalition said the focus on clean hydrogen production through electrolysis avoids the challenge of capturing and sequestering carbon dioxide. Nuclear reactors can produce clean hydrogen by splitting water into hydrogen and oxygen. Methods are being explored to use nuclear energy to produce hydrogen from water by electrolysis, thermochemical, and hybrid processes.
In October 2021, Energy Harbor and the DOE agreed to develop a hydrogen production demonstration project at Davis-Besse in collaboration with Idaho National Laboratory (INL), Xcel Energy, and Arizona Public Service. The plant was chosen due to its proximity to key hydrogen consumers in the manufacturing and transportation sectors of the market.
- Source: Nucnet
- Date: Friday, 16 September 2022
- Original article: nucnet.org/news/us-initiative-aims-for-productions-with-nuclear-energy-from-davis-besse-9-4-2022
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
The project means Japan has joined a number of countries in the race to generate green hydrogen from a nuclear reactor – an achievement that could produce large quantities of low-carbon energy for industry, transport and home heating.
A number of initiatives have begun in different countries to transmit electricity produced by a nuclear plant – or another low-carbon energy facility such as solar – to electrolysers, which would produce green hydrogen.
The technology is reasonably mature, but remains expensive. Proponents say it can be commercialised for large-scale consumer use – possibly within years – to help bring about the transition to a zero-carbon hydrogen-based economy without the need for fossil fuels.
- Source: Nucnet
- Date: Wednesday, 27 April 2022
- Original article: nucnet.org/news/jaea-and-mhi-join-global-race-to-generate-green-hydrogen-from-nuclear-4-2-2022