International Energy Agency: Global nuclear power generation will hit a record high next year

The latest report released by the International Energy Agency on the 24th predicts that global nuclear power generation will hit a record high in 2025. As the world accelerates its transition to clean energy, low-emission energy will meet global new electricity demand in the next three years.

The annual analysis report on global electricity market development and policy, titled “Electricity 2024,” predicts that by 2025, as France’s nuclear power generation increases, several nuclear power plants in Japan resume operation, and new reactors enter commercial operation in some countries, Global nuclear power generation will reach an all-time high.

The report said that by early 2025, renewable energy will surpass coal and account for more than one-third of total global electricity generation. By 2026, low-emission energy sources, including renewables such as solar and wind, as well as nuclear power, are expected to account for nearly half of global electricity generation.

The report said that global electricity demand growth will slow slightly to 2.2% in 2023 due to reduced electricity consumption in developed economies, but it is expected that from 2024 to 2026, global electricity demand will grow at an average annual rate of 3.4%. By 2026, about 85% of global electricity demand growth is expected to come from outside advanced economies.

Fatih Birol, director of the International Energy Agency, pointed out that the power industry currently emits more carbon dioxide than any other industry. But it is encouraging that the rapid growth of renewable energy and the steady expansion of nuclear power will meet the world’s new electricity demand in the next three years.

Post time: Jan-26-2024