Mr. Lambert: What’s the problem? 3% per year. Until 2026 Seems like a pretty short period of time, readers?
The author is Tsvetana Paraskova, a writer for Oilprice.com and with more than 10 years of experience writing for news outlets such as iNVEZZ and SeeNews. Originally published on OilPrice.com.
The Russian and Western nuclear industries remain interdependent even after Russia’s invasion of Ukraine, which is part of the reason why Europe is unwilling to impose sanctions on Russia’s nuclear sector, the Global Nuclear Industry Situation Report said. Showed On Thursday.
“Despite repeated requests, particularly by the European Parliament, the nuclear sector remains exempt from sanctions, clearly demonstrating dependence on Russia in this area,” said the industry’s annual report assessing developments in global nuclear energy.
The report’s authors concluded that Russia’s interdependence with the West remains high.
For example, the Russian state-owned company Rosatom is responsible for all 13 nuclear power plant construction sites that have begun outside China in the past five years. As a result, Western suppliers of parts for the nuclear industry, such as France’s Arabelle turbines, have no overseas customers beyond Rosatom, the report noted.
“The close industrial and market interdependence between Russia’s nuclear industry and the Western nuclear industry at least partly explains Europe’s hesitation to impose sanctions on the nuclear sector,” the report said.
Russia’s interdependence with the West remains, as does that of the US and many of its EU allies. Germany is an exceptionSince Russia’s invasion of Ukraine, the country has turned to nuclear power to strengthen its energy security and reduce its dependence on energy resources.
Despite being an industry Notorious After years of delays and huge cost overruns, a global nuclear revival is underway.
The revival of nuclear energy hit a record high The International Energy Agency (IEA) said earlier this year that nuclear power generation will reach $202.5 billion by 2025.
According to the IEA, global nuclear power generation is expected to grow by about 3% per year on average through 2026, while some countries are phasing out nuclear power gradually or retiring it early. Growth will be driven by the completion of maintenance work in France, the restart of some nuclear plants in Japan, and the commissioning of new reactors in China, India, South Korea, Europe and elsewhere.