Asia's nuclear pipeline marks a new challenge for fossil fuel demand
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Asia dominates the global construction pipeline for new nuclear power plants and renewable energy capacity, according to data from Global Energy Monitor on Nov 12.
- ✓Asian nations are building 73% of new reactors.
- ✓This shift could reduce fossil fuel use as nuclear and renewables provide steady, low-cost electricity for everyone.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
LITTLETON, Colorado, Nov 12 (Reuters) - Asia dominates the construction pipeline for both new nuclear power plants and renewable energy capacity, setting the stage for a potential erosion in fossil fuel use in power generation across the region.
Asian nations are home to 73% of all new reactors currently being built, according to data from Global Energy Monitor (GEM), accounting for 66 gigawatts (GW) of the global total of 91 GW moving through construction.
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Asia's share of the currently operating nuclear reactor fleet is just under 30%, so the concentrated construction of new reactors indicates an aggressive expansion in Asian nuclear generation can be expected once projects are completed.
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