2050 carbon emission goals need nuclear to succeed, says International Energy Agency
The IEA has a second scenario in which global nuclear energy production shrinks from 10 percent in 2020 to 3 percent in 2050. The body said an additional $500 billion in investment would be needed to meet 2050 carbon goals were that to happen. Consumer prices for energy would also rise, it said.
If the IEA is correct, modernizing nuclear power seems to be a necessary step in a green energy transition.
It's worth noting that half of emissions reductions that IEA predicts come from technologies it describes as"not yet commercially viable," which includes SMRs. The report didn't mention what other technologies are holding carbon reduction back, and the IEA has yet to respond to requests for comment. ®
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