February 24, 2024 5:09 am

Nuclear power generation to hit all-time high – IEA   — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Global nuclear power generation is set to reach an all-time high in 2025 as more and more countries turn to the technology as part of plans to reduce emissions, according to the latest forecast from the International Energy Agency (IEA).  

Nuclear generation is in the midst of a resurgence and is expected to rise by nearly 3% annually on average through 2026, the IEA forecasts. The growth will be driven primarily by new plants in China and India, although South Korea and Europe are also set to see new nuclear facilities come online, according to the agency.   

France is expected to increase its nuclear power output after maintenance of its facilities is completed, while Japan is on course to restart some of its nuclear power plants.

The UK, Sweden, and Switzerland are also among the countries that are on track to ramp up domestic nuclear power generation by extending the operating lives of existing plants and building new ones in a bid to boost energy security as electricity demand soars.  

Growing renewable energy capacity and the global nuclear renaissance will provide more low-emission power generation over the next three years, according to the IEA.

“The power sector currently produces more CO2 emissions than any other in the world economy, so it’s encouraging that the rapid growth of renewables and a steady expansion of nuclear power are together on course to match all the increase in global electricity demand over the next three years,” IEA Executive Director Fatih Birol said in a statement.  

In the wake of the 2022 energy crisis largely triggered by Western sanctions on Russia, which banned affordable Russian energy, many governments opted to revive their nuclear sector. A number of countries, most notably Japan and Germany, had pulled out of the industry following the Fukushima disaster in 2011.   

The IEA also noted that the influence of Russia and China in the nuclear sector is growing and that the two countries are providing the technology for 70% of the reactors currently under construction worldwide.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Nuclear power generation to hit all-time high – IEA   — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from The ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8