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Nuclear May Generate 25% of World's Power by 2050, Energy Agency Forecasts

Nuclear power stations may produce almost a quarter of the world’s electricity by 2050 as governments and utilities favor atomic power over fossil fuels to cut greenhouse gas emissions.

“Nuclear energy is one of the key low-carbon energy technologies that can contribute, alongside energy efficiency, renewable energies and carbon capture and storage, to the decarbonization of electricity supply by 2050,” the International Energy Agency’s executive director Nobuo Tanaka said today at the East Asia Climate Forum in Seoul, according to a statement e-mailed by the Paris-based organization.

The latest reactor designs build on more than 50 years of technology development and no major breakthroughs are needed to achieve an expansion of nuclear power, IEA said in its Nuclear Energy Technology Roadmap, a report published together with the Nuclear Energy Agency.

To contact the reporter on this story: Lars Paulsson in London at lpaulsson@bloomberg.net

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