IEA advocates doubling of nuclear power by 2050

A report by the International Energy Agency (IEA) says nuclear global capacity must more than double by 2050, with nuclear supplying 17 per cent of global power generation by that year.

The recommendation would be designed to meet the IEA 2 Degree Scenario for the most effective and efficient means of limiting global temperature rise. 
IEA
The report, entitled Nuclear Energy Technology Roadmap, says nuclear power allows countries to build scalable, efficient and long-term power sources that can serve as a base to underpin other forms of low-carbon generation.

The IEA's report highlights the need for stable, long-term investment frameworks to allow capital-intensive low carbon projects, such as nuclear power plants, to be developed. The roadmap also emphasises the need for greater certainty in electricity prices, including the cost of carbon emissions.

Agneta Rising, World Nuclear Association Director General, said; “We agree with the IEA’s assessment of nuclear energy as an important part of the generation mix needed for a sustainable energy future.  Governments must play their part in creating markets that support long-term low carbon investments. Nuclear energy is much needed as it is reliable, affordable and clean. We in the industry must work to ensure that we deliver this in a timely and cost-effective way.”



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...