Full Title: Global Nuclear Market Assessment Based on IPCC Global Warming of 1.5° C Report
Author(s): Nuclear Energy Institute
Publisher(s): Nuclear Energy Institute
Publication Date: July 28, 2020
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A new report from the consulting firm UxC projects that if the United States supplies nuclear energy equipment and technology to support a share of the IPCC’s projected requirement for new nuclear power, U.S. export revenues could range between $1.3 trillion and $1.9 trillion.
UxC analyzed global and regional nuclear power outlooks to 2050 based on scenarios presented in the United Nations’ Intergovernmental Panel on Climate Change (IPCC) October 2018 report, Global Warming of 1.5°C.
U.S. nuclear suppliers have opportunities in new reactors of conventional as well as small and advanced designs, maintaining and fueling the global fleet of reactors, and in decommissioning aging reactors.
The projection of U.S. revenue reflects UxC’s assessment of U.S. market prospects in the competitive global market.
UxC estimates total global nuclear energy expenditures through 2050 at $8.6 trillion. While very large, the estimate is not unreasonable considering the International Energy Agency projects the total cost of a future global clean energy system at $67.7 trillion.