Taking a Fresh Look at the Future of Nuclear Power

Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, & Industry

Date posted: 01/14/16

The International Energy Agency (IEA) is an autonomous organization which works to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA has four main areas of focus: energy security, economic development, environmental awareness and engagement worldwide. Nuclear power is a critical element in limiting greenhouse gas emissions, and a new Technology Roadmap co-authored by the IEA and the Nuclear Energy Agency outlines the next steps for growth in the aftermath of the Fukushima Daiichi incident in Japan and the economic crisis and its effect on financing. The new publication finds that the prospects for nuclear energy remain positive in the medium to long term despite a negative impact in some countries in the aftermath of the incident. While nuclear power share of global electricity generation was 10% lower in 2013 than in 2010, principally because of Japan 48 operable reactors remained idle, it is still the second-largest source worldwide of low-carbon electricity. And the 72 reactors under construction at the start of last year were the most in 25 years. Yet global capacity must more than double, with nuclear supplying 17% or more of global electricity generation in 2050, to meet the IEA 2 Degree Scenario (2DS) for the most effective and efficient means of limiting global temperature rise to the internationally agreed maximum. Technology Roadmap ... Nuclear Energy 2015 Update offers a vision of the best ways to accomplish that growth, looking at current and new technologies, the need to meet increased safety requirements and improve constructability through optimized design, standardization and more efficient supply chains; financing options and implementation of waste-management solutions. The Roadmap also addresses the challenge of decommissioning hundreds of reactors that will reach the end of their operating life by the middle of the century as well as building new ones ...read on.