Experts say world is ‘past peak fossil power’ but warn against uneven development of energy projects

Nuclear power generation is likely to break records in 2025 as more countries invest in reactors to fuel the shift to a low-carbon global economy, while renewable energy is likely to overtake coal as a power source early next year, data has shown.

China, India, Korea and Europe are likely to have new reactors come on stream, while several in Japan are also forecast to return to generation, and French output should increase, according to a report on the state of global electricity markets published by the International Energy Agency (IEA) on Wednesday.

Electricity demand is also expected to increase around the world, fuelled largely by the move to a low-carbon economy. Electric vehicles and heat pumps, as well as many low-carbon industrial processes, require electricity rather than oil and gas.

  • BestBouclettes@jlai.lu
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    9 months ago

    Let’s hope they don’t cut investment in low carbon renewables and actually slash fossil fuels investments with this.
    Nuclear and low carbon renewables should be the preferred mix for the foreseeable future.