Using nuclear energy to produce hydrogen, desalinate seawater and heat buildings can further enhance nuclear power’s contribution to climate action while also boosting its economic viability, speakers at a recent IAEA webinar said. Nuclear power accounts for around one-third of global low carbon electricity production. But in addition to powering millions of homes and businesses, …
The world’s largest oil-exporter Saudi Arabia, with the help of China, has built a facility for the extraction of uranium yellowcake – a potential precursor to fuel for a nuclear reactor. The facility has been built in a remote desert location near the small city of Al Ula. The uranium yellowcake extraction facility has not …
The Philippines has taken a big step towards tapping nuclear power, its energy minister said on Wednesday, after President Rodrigo Duterte created an inter-agency panel to study the adoption of a national nuclear energy policy. As power demand soars in what has for years been among the world’s fastest-growing economies, Energy Secretary Alfonso Cusi has …
Only governments can properly value the benefits of nuclear power and their support is therefore necessary to secure financing for new-build projects, George Borovas, partner and head of nuclear at law firm Shearman & Sterling, said today. Borovas was speaking during an OECD-Nuclear Energy Agency webinar on its newly published Policy Brief, Unlocking financing for nuclear energy infrastructure …
UK Prime Minister Boris Johnson has repeated his support for new nuclear power. During Prime Minister’s Question Time in the House of Commons yesterday, Johnson told a member of parliament representing a constituency in Cumbria, “We believe that nuclear power is a significant potential contributor to our Net Zero ambitions, and I look forward to …
The US House Committee on Appropriations has denied a funding request from the US Department of Energy (DOE) for fiscal 2021 for establishing a uranium stockpile. The committee requested further information from the department on the justification for the reserve and how it will be implemented. The US Administration’s 2021 budget request unveiled on 10 …
THE GROWING DEMAND FOR ELECTRICITY across the globe and the necessity of developing and using safe, reliable and economical sources of electricity are pushing countries to build new nuclear reactors. Globally, there are more than 400 active nuclear reactors that are currently in operation and 54 nuclear reactors are under construction in 17 different countries. …
The European Commission has mandated its in-house research body, the Joint Research Centre (JRC), to assess whether nuclear power should be considered as a “green” technology under the EU’s sustainable finance taxonomy. Should nuclear power be considered “green” because it is a low-carbon source of energy? Or does the issue of radioactive waste automatically disqualify …
The International Energy Agency’s (IEA’s) latest Clean Energy Progress Track report published on 11 June, assesses the full range of energy technologies and sectors. Only six out of 46 technologies and sectors were “on track” with the IEA’s Sustainable Development Scenario (SDS), which maps out pathway to reach the goals of the Paris Agreement on …
The Trump administration is taking the first steps toward allowing international development funds to be spent on nuclear projects, working to lift a longtime prohibition on how the anti-poverty funds can be spent. The Wednesday proposal from the Development Finance Corporation (DFC) would make it perhaps the only government development agency in the world to use its …