IEA

Global nuclear decommissioning cost seen underestimated, may spiral

Monday, January 19, 2015

LONDON/PARIS (Reuters) - German utility E.ON's breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range widely.

As ageing first-generation reactors close, the true cost of decommissioning will be crucial for the future of the nuclear industry, already ailing following the 2011 Fukushima disaster and competition from cheap shale gas, falling oil prices and a flood of renewable energy from wind and solar.

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Nuclear plants closure bill to reach $100bn

Wednesday, November 12, 2014

The bill for closing down and cleaning up the world’s ageing nuclear reactors will exceed $100bn over the next 25 years alone, the leading energy watchdog has said, warning that governments risk underestimating the cost.

With almost 200 reactors due to be shut down by 2040, the International Energy Agency says in its annual report there are “considerable uncertainties” about decommissioning costs, reflecting governments’ limited experience in safely dismantling nuclear plants. In the last 40 years, only 10 reactors have been closed down.

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Renewable promises

Tuesday, October 14, 2008

The EU needs to invest more in research if it is to meet its climate-change targets.

The world will need to generate 50% of its electricity from renewable sources by 2050 to minimise climate-change impacts, the International Energy Agency (IEA) has said, an awesome challenge that once again underlines the importance of investing in the next generation of renewable energy.

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'Nuclear option' key to meeting CO2 targets

Friday, September 19, 2008

IRELAND WILL not be able to achieve a 50 per cent cut in carbon emissions by 2050 if the Government continues to rule out the "nuclear option", according to the executive director of the International Energy Agency (IEA).

Nobuo Tanaka, who will address an Asia-Europe Foundation forum on energy sustainability in Dublin today, told The Irish Times he realised that nuclear power was "taboo" here - mainly because of Sellafield.

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Kazatomprom aims for top nuclear spot

Wednesday, August 20, 2008

As the nuclear industry enjoys a global revival, Kazatomprom is positioning itself to overtake Cameco as the world's largest producer of uranium. It said in July that it expects to achieve this as early as next year, rather than in 2010 as originally planned.

The progress of Kazakhstan's national atomic company is to a large degree due to the vision of its charismatic president Mukhtar Dzhakishev, helped by the country's substantial uranium reserves and the Soviet technical legacy.

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Nuclear issue clouds rosy Swedish energy review

Friday, May 30, 2008

The latest review of Sweden's energy policy by the International energy agency (IEA) congratulates the government for "continued outstanding progress during the last four years" but regrets that "the outlook for nuclear energy remains a major energy policy question, almost three decades after the 1980 popular vote to phase it out".

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Power market developments: waste fund call

Tuesday, April 17, 2007

Nuclear Engineering International - The International Energy Agency's review of the UK energy industry has called for a nuclear waste and decommissioning fund to be set up.

The International Energy Agency's (IEA's) recently published The United Kingdom 2006 Review, the second of its Energy Policies of IEA Countries series, praised the UK energy market framework but highlighted the need for a nuclear waste policy, covering all types of waste, and called for the establishment of a liabilities fund to pay for decommissioning and waste disposal.

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