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Mahesh

06/12/23 08:07 AM IST

22 nations, including US, commit to tripling nuclear capacity by 2050

In News
  • In a bid to attain a net-zero emissions status, more than 20 countries have pledged to triple the global nuclear installed capacity by 2050, at the COP28 climate meeting.
Pledge to increase Nuclear capacity
  • Led by the United States, 22 countries including France, the United Kingdom, Japan, Canada, South Korea and Ukraine, pledged  to “work together” to advance a “global aspirational goal” of tripling nuclear energy capacity from 2020 to 2050.
  • Recognising the key role that nuclear energy can play in keeping global warming below 1.5 degrees Celsius from pre-industrial times, and in ensuring net-zero transitions.
Nuclear Energy
  • Nuclear energy is a clean but non-renewable source of energy.
  • As of now, about 370 GW of operational nuclear power capacity is installed in 31 countries, providing about 10 per cent of the world’s total electricity, according to the International Atomic Energy Agency (IAEA).
  • A tripling would see this go up to at least 1,000 GW by the middle of the century.
  • Nuclear power plants do not emit greenhouse gases and are an essential part of almost every pathway that takes the world to a net-zero emissions state by 2050.
  • Studies confirm that the goal of global net-zero carbon emissions can only be reached by 2050 with swift, sustained and significant investment in nuclear energy.
  • A recent study by the International Energy Agency said nuclear power had avoided nearly 70 billion tonnes of carbon dioxide equivalent emissions — in the last 50 years.
  • India currently has 6,780 MW of installed nuclear capacity, and is constructing eight new reactors, which will add almost an equal amount – 6,800 MW, thereby doubling its capacity in the near future.
  • A first of its kind Nuclear Energy Summit would be held in Brussels in March next year to discuss the role of nuclear energy in reducing the use of fossil fuels, enhancing energy security and boosting economic development.
Source- Indian Express

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