Global nuclear energy production is predicted to increase by around 3% per year over the next few years, surpassing pre-pandemic levels. This was reported by Finance Times With reference to estimates of the International Energy Agency (IEA).
The agency predicts that in 2024, nuclear energy production will reach a historic high of 2,915 TWh, surpassing the previous record of 2,809 TWh set in 2020. Production is expected to increase by 3 percent in 2024 and 1.5 percent in 2026.
Growth will be driven by the commissioning of new reactors in China and India, as well as by restoring capacity in France following last year’s preventive shutdowns. The rise in low-carbon nuclear and renewable energy is helping to push fossil fuels out of the electricity mix, the IEA says.
Nuclear power is making a comeback in Japan following the 2011 Fukushima nuclear disaster, driven by efforts to reduce CO2 emissions and concerns about energy security. At the last COP28 climate summit, more than 20 countries pledged to triple nuclear capacity by 2050.
However, it is predicted that China and India will account for more than half of the new nuclear capacity by 2026. China’s influence in this sector is growing: the country now accounts for 16% of the world’s nuclear production, whereas in 2014 this figure was only 5%.
Yesterday it was learned that world gas consumption will increase by 2050 will increase by 26%.
Previously in Turkey clarified the extent of the country’s dependence on energy imports.