THE GLOBAL NUCLEAR LANDSCAPE Sample Clauses

THE GLOBAL NUCLEAR LANDSCAPE. Globally, there are currently 445 nuclear reactors with a combined 387 gigawatt (GWe) capacity operating in 30 countries and 64 reactors under construction in 15 countries. In 2015, 10 new reactors came online and 8 were permanently shut down, which along with uprates resulted in a net capacity increase of 4.5 GWe [8]. The OECD International Energy Agency 2015 Global Energy Outlook Report projects that nuclear power will have to double by 2050 for the world to meet the international climate change goals and the energy needs of an expanding global population, which is expected to grow to 10 billion by 2050. Many countries continue to express interest in developing or expanding their nuclear programs, although low oil and gas prices could make it harder for governments to favor policies that encourage the use of nuclear energy and other clean energy sources. Some recent developments have marked the significance of global nuclear power. The most recent was the 2015 Paris Climate Conference, which recognized the importance of nuclear energy to meet global carbon reduction goals. The International Atomic Energy Agency’s Convention for Supplementary Compensation for Nuclear Damage (CSC) nuclear liability regime entered into force on April 15, 2015. China kept its place as the fastest growing market for nuclear energy. Eight reactors came online in 2015, bringing China’s total to 30 operating reactors; China also announced plans to export its reactor technology. Nuclear markets continue to shift, with recent movement toward East Asia, the Middle East, South America, Africa, and Eastern and Central Europe. This has important implications for the global nuclear landscape after 2030. The U.S. Government estimates that the global civil nuclear market focused on reactor sales to be valued to be between $500 and $740 billion over the next 10 years [9]. The potential sales in the coming years are significant, especially for the two sectors of the nuclear market primarily addressed in this report, reactor builds and fuel services. The report provides a snapshot of the status of the global new builds, discusses new reactor technologies that will enter the market in the near- term, and the status of more advanced reactor designs being developed in the long-termer. In the fuel services the report focuses on supply and demand for conversion, enrichment, fuel fabrication and reprocessing. An excellent but somewhat dated resource for detailed information about nuclear markets ...