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Nuclear Power Will Play A Key Role In Emerging Economies’ Energy Transition — Oxford Business Group

Summary:
According to the World Nuclear Association (WNA), some 30 emerging economies around the world are currently considering, planning or starting nuclear power programmes.In the short term, these projects will not significantly expand the global nuclear footprint, with principal growth coming in countries which already have well-established nuclear power infrastructure.However, the WNA anticipates that, in the medium to long term, developing nations’ nuclear infrastructure will resemble that currently seen in Europe, North America and Japan.Meanwhile, Third Way – a US-based think tank – predicts that the global market for nuclear could triple by 2050, thanks almost entirely to increased demand in emerging regions....OilpriceNuclear Power Will Play A Key Role In Emerging Economies’ Energy

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According to the World Nuclear Association (WNA), some 30 emerging economies around the world are currently considering, planning or starting nuclear power programmes.

In the short term, these projects will not significantly expand the global nuclear footprint, with principal growth coming in countries which already have well-established nuclear power infrastructure.

However, the WNA anticipates that, in the medium to long term, developing nations’ nuclear infrastructure will resemble that currently seen in Europe, North America and Japan.

Meanwhile, Third Way – a US-based think tank – predicts that the global market for nuclear could triple by 2050, thanks almost entirely to increased demand in emerging regions....

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Nuclear Power Will Play A Key Role In Emerging Economies’ Energy Transition
Oxford Business Group
https://oilprice.com/Alternative-Energy/Nuclear-Power/Nuclear-Power-Will-Play-A-Key-Role-In-Emerging-Economies-Energy-Transition.html
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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