International report: A sharp decline in nuclear power capabilities
International report: A sharp decline in nuclear power capabilities International report: A sharp decline in nuclear power capabilities

International report: A sharp decline in nuclear power capabilities

Will threaten climate objectives and security of electricity supplies

Abu Dhabi, United Arab Emirates:- "Without policy changes, advanced economies could lose 25 percent of their nuclear capacity by 2025 and up to two-thirds by 4040," the International Energy Agency wrote in its first major report on nuclear power in 20 years.

The International Energy Agency (IEA) said a sharp decline in nuclear power capacity would threaten climate targets and security of electricity supply if developed economies did not find a way to extend their reactors.

Nuclear power is currently the world's second-largest low-carbon power source, accounting for 10 percent of the world's total Electricity generation globally.

But nuclear reactors in the United States and Europe are now over 35 years old and many of the world's 452 reactors are on the verge of closure.

Low gas prices and tight security requirements make their operation economically inefficient.

Over the past 20 years, wind and solar power capacity has increased by 580 gigawatts in advanced economies. However, the International Energy Agency estimates that the share of clean energy sources of 36 percent of global electricity supply in 2018 was 20 years ago because of the decline in nuclear power.

To compensate for the expected decline in nuclear power in the next 20 years, investment in renewable energy sources should grow by five-fold, but that would not only be a huge cost, but would require considerable investment in electricity networks, the agency said.

Read 61 times Last modified on Wednesday, 29 May 2019 21:50
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