Comeback of nuclear energy worldwide

10/09/2024

Decarbonization, the increasing energy demands of modern technologies, and electromobility are leading to a comeback of nuclear energy worldwide. An example in Europe is Poland, and in Asia, it is primarily China. This corresponds to the assumptions of the International Atomic Energy Agency, according to which the total energy consumption in the world should increase by 28% by 2050. However, the share of electricity in total consumption should grow faster than other energy sources, and by 2050, electricity consumption should double. Part of this process should also be the revitalisation of nuclear energy. A significant increase in nuclear capacity has been envisaged by International Energy Agency particularly in the 2030s. While the volume of nuclear energy will also grow in developed countries, up to 90% of new nuclear capacity is expected to be concentrated in China and developing countries. In a net-zero scenario, the total volume of nuclear energy generated could double by 2050, and investments in nuclear energy could reach USD 100 billion annually.