Nuclear Energy and Safe Vitality Transitions: From Immediately’s Challenges to Tomorrow’s Clear Vitality Methods is a brand new report by the Worldwide Vitality Company that appears at how nuclear power may assist handle two main crises – power and local weather – dealing with the world right now. Russia’s invasion of Ukraine and the disruptions in world power provides that it has fuelled have made governments rethink their power safety methods, placing a stronger deal with growing extra various and domestically based mostly provides. For a number of governments, nuclear power is among the many choices for attaining this. On the similar time, many governments have lately stepped up their ambitions and commitments to succeed in internet zero emissions. Nuclear Energy and Safe Vitality Transitions expands upon the IEA’s landmark 2021 report, Internet Zero by 2050: A Roadmap for the World Vitality Sector. It does so by exploring in depth nuclear energy’s potential function as a supply of low emissions electrical energy that’s obtainable on demand to enhance the main function of renewables resembling wind and photo voltaic within the transition to electrical energy programs with internet zero emissions.
On this context, the report examines the difficulties dealing with nuclear funding, notably in superior economies, within the areas of value, efficiency, security and waste administration. It considers the extra problem of assembly internet zero targets with much less nuclear energy than envisioned within the IEA Internet Zero Roadmap, in addition to what sort of value targets may allow nuclear energy to play a bigger function in power transitions. For international locations the place nuclear energy is taken into account a suitable a part of the longer term power combine, the brand new report identifies the potential coverage, regulatory and market modifications that may very well be applied so as to create new funding alternatives. It additionally seems on the function of latest applied sciences, notably small modular reactors, and their potential improvement and deployment.