The one good thing that may come out of the government created natural gas and oil shortage is that nations are now looking at the stark reality of power outages because "renewables" are not up to the task of providing as much power as required, when it is required, where it is required.
France has recommitted to Nuclear energy. Meanwhile the Pallasaids Nuclear facility in southwest Michigan just went off-line, earlier than planned, despite the fact that politicians on both sides of the aisle in Michigan wanted to extend its license.
ZeroHedge has been covering the IEA as it has been issuing truth bombs to the world while the world ignores them.
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France has recommitted to Nuclear energy. Meanwhile the Pallasaids Nuclear facility in southwest Michigan just went off-line, earlier than planned, despite the fact that politicians on both sides of the aisle in Michigan wanted to extend its license.
ZeroHedge has been covering the IEA as it has been issuing truth bombs to the world while the world ignores them.
IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals
- The IEA is calling for the world to boost nuclear capacity.
- The agency says global nuclear capacity needs to double over the next three decades to reach net-zero goals.
- An IEA official also noted that the energy crisis has presented a unique opportunity for a nuclear revival.
Nuclear power capacity needs to double worldwide over the next three decades to reach net-zero carbon emissions targets to ensure energy independence, argued the International Energy Agency (IEA).
The Paris-based group’s executive director Fatih Birol outlined that nuclear has a unique opportunity for a revival in the context of the global energy crisis, skyrocketing fossil fuel prices, energy security challenges, and climate commitments.
However, he suggested this was not guaranteed, and instead depended on government policy geared toward greater expansion.
Birol said: “It will depend on governments putting in place robust policies to ensure safe and sustainable operation of nuclear plants for years to come.”
In the group’s latest report, Nuclear Power and Secure Energy Transitions, the IEA revealed nuclear power has to be significantly ramped up to meet the twin aims of supply security and net zero carbon emissions.
It has warned that to reach net-zero emissions, nuclear power capacity has to increase to 812 gigawatts (GW) by 2050 from its current 413 GW total.
While advanced economies operate nearly 70 percent of global nuclear capacity, the IEA noted nuclear fleets across the West were aging. . .
The IEA calculates that around 260 GW, or 63 percent, of nuclear plants in the world, are currently over 30 years old . . .
In the 2030s, annual additions of nuclear power capacity needed to reach 27 GW just to offset closed-down power plants – which could shrink by a third over the coming decade in developed economies.
For context, the UK’s ‘big new’ bet on nuclear, which represents a historic boost in nuclear power generation, is an increase from 7GW to 24GW over the next three decades. . .
