Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Saudi Deputy FM meets Lt. Gen. Al-Burhan of Sudan    Al-Khateeb: Saudi Arabia is the largest global investor in tourism sector "Saudi Land" pavilion inaugurated at World Travel Market in London    Saudi Crown Prince, Japanese PM discuss over phone efforts made to achieve peace in the region    Saudi Arabia, in its drive to enrich Arab culture, launches Arab Week at UNESCO in Paris    Neymar exits Al Hilal match with muscle injury, leaving fans disappointed    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Elon Musk can keep giving $1m to voters, judge rules    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Quincy Jones, titan of US music, dies aged 91    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Meet calls for investing in nuclear to succeed in post-COVID recovery
Published in The Saudi Gazette on 30 - 05 - 2020

Earlier Saturday the International Energy Agency (IEA) and the UK government co-hosted a Ministerial Roundtable on Mobilizing Investments for Secure and Sustainable Power Systems. This examined the short and longer term impacts of the COVID-19 pandemic on the electricity sector and what the crisis means for evolving opportunities and risks facing power sector investments.
Developing socially equitable and affordable decarbonization, whilst preserving and developing national employment, should be at the core of all revitalization plans. Nuclear energy can play a key role in the post-COVID strategic recovery by boosting economic growth. It supports — in a cost-effective manner — the development of a low-carbon, resilient electricity infrastructure and creates jobs and economic development in the long-term.
Speaking during the meeting Jean-Bernard Lévy, CEO of EDF, highlighted the potential contribution of new nuclear, with each GW of nuclear capacity eliminating 2 to 4 times more emissions than equivalent capacities of other electricity technologies.
This is thanks to its reliability and high capacity factors. A new nuclear project would also be good for employment, he said, with construction of an EPR creating about 4,600 skilled jobs. It would boost the economy, particularly for local industries.
Nuclear power has been an important source of power flexibility in Europe during the current pandemic, as highlighted recently by the IEA in its Global Energy Review 2020.
Mark Menezes, undersecretary of energy for the United States government emphasized that reliable, resilient, carbon-free baseload power continues to be important, noting that the world won't reach its clean energy goals without nuclear. IEA analysis, he said, had shown that lifetime extensions of existing reactors are the lowest cost low-carbon source of additional generation.
Commenting on the many speeches heard during the Ministerial Roundtable, Agneta Rising, director general of World Nuclear Association, said, "The global nuclear industry is ready to do its part to make sure we come out of this pandemic stronger, cleaner and more resilient than ever before.
"Nuclear energy can play a key role in the post-COVID recovery by boosting economic growth, creating jobs and supporting the development of a cost-effective, low-carbon, resilient electricity infrastructure. There is a window of opportunity for governments to support the many new nuclear build projects already planned.
"Nuclear power must be included in the journey towards carbon neutrality. If not, there will be threats to the security of supply, and the transition towards a low-carbon future will be considerably more expensive. The electricity system of the future must take into account the full costs and benefits of different forms of generation." — SG


Clic here to read the story from its source.