The International Energy Agency released its flagship report, World Energy Outlook 2021, on October 13, “at a time when policymakers are contending with the impacts of both climate change and volatile energy markets” and ahead of the COP26 Climate Change Conference in Glasgow, which begins October 31. With a net-zero emissions by 2050 (NZE) scenario that calls for nuclear power capacity to almost double by 2050, the report acknowledges that rapid development of advanced nuclear technologies could expand opportunities for nuclear energy to provide low-carbon electricity, heat, and hydrogen.

China will have the world's largest nuclear power fleet within a decade, an International Energy Agency official noted during a session at the High-Level Workshop on Nuclear Power in Clean Energy Transitions, World Nuclear News reported on March 3.

The workshop was held jointly by the IEA and the International Atomic Energy Agency.

The IEA official, Brent Wanner, head of Power Sector Modelling & Analysis for the agency's World Energy Outlook publication, said that as nuclear fleets in the United States, Canada, and Japan reach their original design lifetimes, decisions will have to be made about what will happen after that. Absent license renewals, the contribution of nuclear power could decline substantially in those countries while China’s reactor building program will boost it into the first position.

IAEA Director General Rafael Mariano Grossi signs a memorandum of understanding with the International Energy Agency during an online event. Photo: IAEA

To help speed the transition to clean energy that many experts say will be required to achieve global climate goals by mid-century, the International Atomic Energy Agency and International Energy Agency (IEA) have agreed to strengthen cooperation on activities involving nuclear power.

IAEA Director General Rafael Mariano Grossi and IEA Executive Director Fatih Birol on November 30 signed a memorandum of understanding, under which the two organizations will share data, statistics, energy modeling tools, policy analysis, and research, according to the IAEA on December 3. The agencies will also collaborate on publications, seminars, workshops, and webinars and increase participation in each other’s conferences and meetings of mutual interest.

The International Energy Agency released its annual World Energy Outlook on October 13, noting the massive disruption caused by the COVID-19 pandemic and calling for a surge in well-designed energy policies to put the world on track for a resilient energy system that can meet climate goals.

According to the latest IEA analysis of the pandemic’s impact, drops are expected in 2020 in global energy demand by 5 percent, energy-related CO2 emissions by 7 percent, and energy investment by 18 percent. This year’s report focuses on the pivotal period of the next 10 years, exploring four different pathways out of the crisis.

More information on the report is available here. The full publication can be purchased for €120 (about $140).