Energy & Environment

Energy & Environment
Nuclear power can help raise climate ambitions

Nuclear power can help raise climate ambitions

Policymakers who ignore nuclear energy are not serious about meeting climate goals, delegates said at an Atlantic Council webinar last week. The first in the Raising Ambitions series, the event highlighted the attributes of this clean source of electricity and heat ahead of the Leaders’ Climate Summit, which the US Administration is hosting on 22-23 April.

Energy & Environment 12 April 2021


Ministers gear up for COP26

Ministers gear up for COP26

The post-COVID economic recovery and the clean energy transition present a huge opportunity from which all nations can benefit, delegates at the IEA-COP26 Net Zero Summit agreed. Over 40 countries, covering more than 80% of global GDP, population and carbon emissions, took part in the event on 31 March to identify how to work together to meet the goals of the Paris Agreement. They included the USA, which re-joined the 2015 climate accord earlier this year.

Energy & Environment 06 April 2021


IEA unveils 7 key principles for net zero

IEA unveils 7 key principles for net zero

The International Energy Agency has published Seven Key Principles for Implementing Net Zero to ensure "dramatic acceleration of progress towards clean growth and resilience". The document, which has so far been welcomed by 20 countries, was published following the IEA-COP26 Net Zero Summit yesterday.

Energy & Environment 01 April 2021


Grossi: Nuclear already plays key role in decarbonisation

Grossi: Nuclear already plays key role in decarbonisation

International Atomic Energy Agency Director General Rafael Mariano Grossi today outlined three ways that nuclear power facilitates efforts towards net-zero emissions. Speaking to delegates at the IEA-COP26 Net Zero Summit, Grossi said nuclear energy is a longstanding source of low-carbon electricity, has innovative solutions for further decarbonisation, and it enables renewable energy to be more effective.

Energy & Environment 31 March 2021


EU Taxonomy can move forward with nuclear, JRC finds

EU Taxonomy can move forward with nuclear, JRC finds

The nuclear industry has today called on the European Commission to expedite the inclusion of nuclear energy in the EU Taxonomy on Sustainable Finance, following a comprehensive assessment that nuclear energy does no more harm to human health or the environment than any other power-producing technology considered to be sustainable.

Energy & Environment 29 March 2021


UNECE workshop hears nuclear has key role in hydrogen production

UNECE workshop hears nuclear has key role in hydrogen production

Nuclear energy can be used to produce low-carbon hydrogen via several efficient processes, King Lee of the World Nuclear Association told a workshop yesterday organised by the United Nations Economic Commission for Europe. Speaking as chairman of the UNECE Group of Experts on Cleaner Electricity Systems, Lee said nuclear energy will play an important role as part of a low-carbon energy mix for the transition to net zero.

Energy & Environment 25 March 2021


Nuclear is a 'credible cost competitor', says IMF working paper

Nuclear is a 'credible cost competitor', says IMF working paper

A working paper published by the International Monetary Fund last week uses multiplier analysis to determine the impact that investment in clean energy would have on the economic recovery from the COVID-19 pandemic.  The document - Building Back Better: How Big Are Green Spending Multipliers? - states clean energy sources are: solar, wind, hydro, geothermal, biomass and nuclear, which it then divides into renewable and non-renewable.

Energy & Environment 25 March 2021


Swift action needed to rebuild world's energy system: Korsnick

Swift action needed to rebuild world's energy system: Korsnick

Nuclear energy is the key to making climate commitments work and will play a critical role in meeting the Biden Administration's ambitious climate goals, Nuclear Energy Institute President and CEO Maria Korsnick told the organisation's annual State of the Nuclear Energy Industry event yesterday.

Energy & Environment 24 March 2021


Brazil to complete Angra 3 finance package in 18 months, says BNDES director

Brazil to complete Angra 3 finance package in 18 months, says BNDES director

Leonardo Mendes Cabral, director of privatisations at Brazil's National Bank for Economic and Social Development, says he expects a financing arrangement to finish unit 3 of the Angra nuclear power plant will be ready by the end of next year. BNDES is one of the biggest providers of financing for infrastructure projects in Brazil, and also played a role in financing nuclear energy in the past.

Energy & Environment 22 March 2021


Taxonomies must reflect climate goals, says Orano CEO

Taxonomies must reflect climate goals, says Orano CEO

Political wrangling over the classification of nuclear energy in taxonomies contradicts the low-carbon ambition of the Paris Agreement, Philippe Knoche, CEO of Orano, said last week during World Nuclear Association's Strategic eForum on Sustainable Finance. Knoche was joined on the panel by representatives of the International Monetary Fund, Rothschild & Co, Brazil's National Bank for Economic and Social Development, Banque de France and the Network for Greening the Financial System, who all said investment in new nuclear projects requires political consensus that is currently absent from some debates on sustainable finance.

Energy & Environment 23 March 2021