IEA: nuclear energy must grow 5x as fast to hold warming to 2DC rise

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"The world's governments are failing on almost every level to clean up their energy systems and must intervene to support nuclear power, said the IEA, noting that only renewables and electric vehicles are 'on track'.

A report from the International Energy Agency (IEA) contains recommendations to reduce the carbon footprint of all aspects of energy generation. It was launched today at the Clean Energy Ministerial meeting taking place in New Delhi and is directed at the IEA's member governments, which are responsible for 75% of global energy use."

IEA recommendations on nuclear power

More favourable electricity market mechanisms and investment conditions are needed to ensure that new reactors can be constructed at the necessary rate.

In liberalised markets where feed-in tariffs have been used to promote the deployment of renewable technologies, the profitability of dispatchable technologies has been degraded to the point where new investments are unlikely.

A more equitable system that favours all low-carbon technologies, such as the Contract for Difference mechanism of the UK Electricity Market Reform, would make investments in nuclear technologies more attractive.

Governments that have decided to move ahead with nuclear power should work to improve electricity market mechanisms to boost prospects for investment.

To improve public acceptance of nuclear power, governments should work with all stakeholders to ensure that factual, reliable and scientifically credible information is available on the advantages and risks of nuclear power, and to emphasise the role of nuclear power in meeting energy and environmental policy objectives.

http://www.world-nuclear-news.org/EE_World_has_stalled_on_clean_energy_1704131.html