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Global nuclear power capacity needs to double by 2050 -IEA

Nina Chestney of Reuters reports that global nuclear power capacity needs to double by 2050 to reach climate goals, according to the International Energy Agency.

The C3 Take
  • Through the 2030s nuclear capacity will need to increase by 27GW each year.
  • The report also found that nuclear energy generation is projected to shrink by a third in advanced economies due to plant closures and stalled investments.
  • The United States can increase nuclear power generation by investing in next-generation technology and reducing regulations to accelerate innovation.

“Advanced economies have nearly 70% of global nuclear capacity but the fleet is ageing. Investment has stalled and the latest new projects have run far over budget and behind schedule, the report said.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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