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According to the Nuclear Fuel Report released by the World Nuclear Energy Association, the global installed nuclear power capacity is expected to grow at an annual rate of 2.
6% by 2040, reaching 615GWe
by 2040.
Currently, nuclear power produces about 10%
of the world's electricity.
It is expected to play an increasingly important role
in the future due to its near-zero emissions of CO2 and other pollutants, on-demand, reliable and safe characteristics, and long-term cost competitiveness.
In addition, its ability to generate near-zero-carbon electricity could help decarbonize
many sectors of the economy that are difficult to reduce emissions.
However, it faces a number of competitive challenges from other sources of power generation, particularly in deregulated markets, but the nuclear energy sector in many developing countries remains strong
despite slowing growth in electricity demand in some countries.
According to statistics, as of the first half of 2021, the global installed capacity of nuclear power is about 394 GWe, there are about 442 nuclear reactors in operation, and another 57 nuclear reactors are under construction, about 60 GWe
.
According to the Nuclear Energy Association's reference scenario scenario, nuclear power capacity is expected to grow by 2.
6% per year, reaching 439 GWe by 2030 and 615 GWe
by 2040.
A more optimistic scenario projects growth to 521 GWe in 2030 and 839 GWe
in 2040.
Even under the most conservative scenario forecasts, capacity forecasts have steadily increased
throughout the reporting period.
In the reference scenario, world reactor uranium demand is estimated to be around 62,500 tonnes in 2021, increasing to 79,400 tonnes of uranium in 2030 and 112,300 tonnes in 2040; However, world uranium production fell significantly from 63,207 tonnes of uranium in 2016 to 47,731 tonnes of uranium
in 2020.
"Not only has the current sluggish uranium market led to a sharp decline in uranium exploration activity (down 77% from US$2.
12 billion in 2014 to nearly US$483 million in 2018), but several tonnes of uranium production from existing mines have been idle, reducing by approximately 20,500 tonnes per year
.
"
"Uranium production from existing mines is expected to remain fairly stable before more than
halving from 2030 to 2040.
"
The report found that the role of secondary supply of uranium in the world market is expected to gradually diminish, and while commercial inventories will help bridge the gap between supply and demand in the short term, the market remains in short supply
.
In the long term, the industry needs to at least double
its pipeline for the development of new projects by 2040, it said.
According to the Nuclear Fuel Report released by the World Nuclear Energy Association, the global installed nuclear power capacity is expected to grow at an annual rate of 2.
6% by 2040, reaching 615GWe
by 2040.
Currently, nuclear power produces about 10%
of the world's electricity.
It is expected to play an increasingly important role
in the future due to its near-zero emissions of CO2 and other pollutants, on-demand, reliable and safe characteristics, and long-term cost competitiveness.
In addition, its ability to generate near-zero-carbon electricity could help decarbonize
many sectors of the economy that are difficult to reduce emissions.
However, it faces a number of competitive challenges from other sources of power generation, particularly in deregulated markets, but the nuclear energy sector in many developing countries remains strong
despite slowing growth in electricity demand in some countries.
According to statistics, as of the first half of 2021, the global installed capacity of nuclear power is about 394 GWe, there are about 442 nuclear reactors in operation, and another 57 nuclear reactors are under construction, about 60 GWe
.
According to the Nuclear Energy Association's reference scenario scenario, nuclear power capacity is expected to grow by 2.
6% per year, reaching 439 GWe by 2030 and 615 GWe
by 2040.
A more optimistic scenario projects growth to 521 GWe in 2030 and 839 GWe
in 2040.
Even under the most conservative scenario forecasts, capacity forecasts have steadily increased
throughout the reporting period.
In the reference scenario, world reactor uranium demand is estimated to be around 62,500 tonnes in 2021, increasing to 79,400 tonnes of uranium in 2030 and 112,300 tonnes in 2040; However, world uranium production fell significantly from 63,207 tonnes of uranium in 2016 to 47,731 tonnes of uranium
in 2020.
"Not only has the current sluggish uranium market led to a sharp decline in uranium exploration activity (down 77% from US$2.
12 billion in 2014 to nearly US$483 million in 2018), but several tonnes of uranium production from existing mines have been idle, reducing by approximately 20,500 tonnes per year
.
"
"Uranium production from existing mines is expected to remain fairly stable before more than
halving from 2030 to 2040.
"
The report found that the role of secondary supply of uranium in the world market is expected to gradually diminish, and while commercial inventories will help bridge the gap between supply and demand in the short term, the market remains in short supply
.
In the long term, the industry needs to at least double
its pipeline for the development of new projects by 2040, it said.
