Expected global electricity demand outpaces growth in renewables

July 16, 2021, 12:00PMNuclear News

Despite strong growth over the next two years, renewables such as hydropower, wind, and solar won’t keep up with the projected increase in global electricity demand in 2021 and 2022, according to the International Energy Agency’s Electricity Market Report—July 2021. The result could be a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year.

Pathway to net zero by 2050 “narrow” and “challenging,” says IEA

May 19, 2021, 2:59PMNuclear News

A highly anticipated report released yesterday by the International Energy Agency on how to transition the world to a net-zero energy system by 2050 calls for “nothing less than a complete transformation of how we produce, transport, and consume energy.” At the same time, the report, Net Zero by 2050: A Roadmap for the Global Energy Sector, characterizes its preferred road to net zero as the one “most technically feasible, cost-effective, and socially acceptable.”

That road, while relying primarily on renewable energy, keeps a lane open for nuclear, which, the report says, will make a “significant contribution” and “provide an essential foundation for transitions.”

IEA: CO2 emissions on their way back up

April 27, 2021, 9:32AMNuclear News

The decline in global carbon dioxide emissions recorded last year will not continue through 2021, a new report from the International Energy Agency concludes. Released last week, Global Energy Review 2021 finds that energy–related CO2 emissions are on course for the second-largest increase in history, reversing most of 2020’s COVID pandemic–related drop. The surge would be the largest since 2010, during the carbon-intensive recovery from the worldwide financial crisis, according to the agency.

China on course to lead in nuclear by 2030, says IEA

March 4, 2021, 3:18PMNuclear News

China will have the world's largest nuclear power fleet within a decade, an International Energy Agency official noted during a session at the High-Level Workshop on Nuclear Power in Clean Energy Transitions, World Nuclear News reported on March 3.

The workshop was held jointly by the IEA and the International Atomic Energy Agency.

The IEA official, Brent Wanner, head of Power Sector Modelling & Analysis for the agency's World Energy Outlook publication, said that as nuclear fleets in the United States, Canada, and Japan reach their original design lifetimes, decisions will have to be made about what will happen after that. Absent license renewals, the contribution of nuclear power could decline substantially in those countries while China’s reactor building program will boost it into the first position.

IAEA, IEA partner to enhance nuclear’s role in clean energy transition

December 10, 2020, 7:00AMNuclear News

IAEA Director General Rafael Mariano Grossi signs a memorandum of understanding with the International Energy Agency during an online event. Photo: IAEA

To help speed the transition to clean energy that many experts say will be required to achieve global climate goals by mid-century, the International Atomic Energy Agency and International Energy Agency (IEA) have agreed to strengthen cooperation on activities involving nuclear power.

IAEA Director General Rafael Mariano Grossi and IEA Executive Director Fatih Birol on November 30 signed a memorandum of understanding, under which the two organizations will share data, statistics, energy modeling tools, policy analysis, and research, according to the IAEA on December 3. The agencies will also collaborate on publications, seminars, workshops, and webinars and increase participation in each other’s conferences and meetings of mutual interest.

IEA report: Nuclear needed for sustainable energy goals

October 15, 2020, 7:16AMNuclear News

The International Energy Agency released its annual World Energy Outlook on October 13, noting the massive disruption caused by the COVID-19 pandemic and calling for a surge in well-designed energy policies to put the world on track for a resilient energy system that can meet climate goals.

According to the latest IEA analysis of the pandemic’s impact, drops are expected in 2020 in global energy demand by 5 percent, energy-related CO2 emissions by 7 percent, and energy investment by 18 percent. This year’s report focuses on the pivotal period of the next 10 years, exploring four different pathways out of the crisis.

More information on the report is available here. The full publication can be purchased for €120 (about $140).

Global nuclear output expected to drop due to COVID-19

May 8, 2020, 9:19AMNuclear News

Birol

Nuclear energy demand and output could be reduced by 2.5 percent this year compared with 2019, according to the report Global Energy Review 2020 from the International Energy Agency (IEA). The report states that global nuclear power generation fell by about 3 percent in the first quarter of 2020 compared with the same period in 2019, adding that the decline was due to lower electricity demand as well as delays for planned maintenance and construction of several projects.