Global Energy: Expert analysis and forecasts

At the beginning of this year, major international companies and agencies (the IAEA, McKinsey, BP, the World Nuclear Association, etc.) laid out the current trends and main statistics of the global energy market.

The Global Energy and CO2 Status report by the International Energy Agency (IEA) informed us about current international trends in the field of fuels, renewables, efficient use of energy, and published data on carbon dioxide emissions. In general, the trend for growth of total energy consumption in the world continued. In 2018, the rate reached 2.3% that is twice the pace of growth in 2010. These figures are due to the expansion of the global economy and volatile climate conditions leading to extra heating and cooling costs in some parts of the world.

Wind energy

Atomic energy production increased by 3.3%, or 90 TWh. Restarting four nuclear power plants after the accident at the Fukushima Daiichi NPP in Japan in 2011 and increased electricity generation in France, exceeding its own needs by 20%, added 38 TWh to the total amount. Switzerland, Taiwan, Pakistan and Sweden, having increased the production of electricity from nuclear power plants, massively contributed to the numbers, unlike South Korea and Belgium.

The IEA report stated that in 2018, carbon dioxide emissions reached a record of 33.1 billion tons, which is 1.7% higher than last year.

For the first time, the IEA assessed the impact of fossil fuels use on global warming. The report stated that CO2 emitted from coal combustion was responsible for more than a 0.3 °C of 1°C of the average increase in worldwide yearly air temperature above pre-industrial level.

This makes coal the single largest source of global temperature growth.

Worldwide management consulting firm McKinsey & Company in its report on energy perspectives confirmed the statistics of significant energy-related carbon emissions increase, which, according to their estimates, makes up to 60% of total global emissions and predicts their potential gradual increase until 2024.

The firm expects the share of energy received from nuclear and renewables in the total energy balance to rise from 19% to 34% and supply more than half of electricity by 2035 and 75% by 2050. This positive outlook envisages reduced carbon dioxide emissions due to declining coal demand.

Solar-powered city

The Energy Outlook made by the British multinational oil and gas company BP forecasts an overall growth of nuclear energy to 3400 TWh by 2040. By this time the energy demand will rise by a third, however, this growth rate will be much slower than in the last 20 years.

In one of the scenarios of the report, renewables are expected to become the fastest growing energy source (7.6% p.a.) and the single largest source of global power generation by 2040.

Nuclear power is growing at an average of 1.1% per year, which is generally in line with the growth rate of the last 20 years. The report focused on the fact that the majority of nuclear power plants in developed countries being a part of the Organization for Economic Cooperation and Development (OECD) would be steadily decommissioned due to the late stages of lifecycle. On the other hand, the production of nuclear energy in China is expected to grow rapidly by 1000 TWh. Moreover, by 2040, China has a potential to have a capacity for the same level of nuclear generation as the entire OECD.

Nuclear plant

The World Nuclear Association (WNA) reported that about 450 nuclear power reactors produced around 11% of the world’s electricity. About 60 more reactors are under construction, which is equivalent of about 15% of the existing capacity. In 2017, nuclear power plants supplied 2506 TWh of electricity compared to 2477 TWh in 2016. Construction of more than 25 reactors is to be completed in 2019-2020, which will definitely bring the world community closer to the goal of supplying 25% of electricity using nuclear by 2050.

Every year, the Massachusetts Institute of Technology (MIT) presents a list of ten breakthrough technologies on the pages of its MIT Technology Review magazine. Bill Gates highlighted greenhouse gases emission problem and highlighted a dire need for sustainable energy production to prevent climate change.

The magazine mentioned generation IV nuclear reactors, small modular reactors (SMRs) and fusion reactors as parts of the solution to global warming. One of the companies developing generation IV reactors, such as liquid sodium-cooled fast reactor, TerraPower joined research partnerships, aiming to showcase first results by the 2020s. Small modular reactors typically generate tens of megawatts of energy (for comparison, a conventional nuclear reactor produces about 1000 MW). NuScale in Oregon, which is developing light-water modular reactors with a capacity up to 300 MW, expects that SMRs might be able to reduce environmental and financial risks in the nuclear industry.

While the International Thermonuclear Experimental Reactor (ITER) is being built in the Cadarache center in southern France, companies such as TerraPower, General Fusion and Commonwealth Fusion Systems are making some progress in the field proposing new approaches in plasma confinement and its behaviour control inside the vacuum vessel.

The problem of reducing carbon dioxide in the atmosphere could be solved with the invention coming from Harvard. Climate scientist David Keith proposes to apply the principles of direct air capture to catch carbon dioxide emissions.

According to the UN climate group, in order to prevent a dangerous increase in global temperatures, 1 trillion tons of carbon dioxide needs to be removed from the atmosphere in this century. Once the carbon is trapped, it can be utilized for the production of synthetic fuel, making methane or releasing carbon dioxide for sale to the carbonated soft drinks market.

Source: Rosatom

494total visits,39visits today

80 Comments

  1. An interesting discussion is value comment. I think that you need to write extra on this topic, it might not be a taboo subject however typically people are not enough to speak on such topics. To the next. Cheers

  2. It’s really a great and useful piece of information. I am happy that you just shared this useful info with us. Please keep us up to date like this. Thank you for sharing.

  3. Thanks for another informative web site. Where else could I get that type of information written in such an ideal way? I have a project that I am just now working on, and I have been on the look out for such information.

  4. you are actually a good webmaster. The website loading velocity is amazing. It seems that you are doing any distinctive trick. In addition, The contents are masterpiece. you’ve done a excellent process on this subject!

  5. We are a group of volunteers and opening a new scheme in our community. Your website offered us with valuable info to work on. You’ve done a formidable job and our entire community will be thankful to you.

  6. You really make it seem really easy with your presentation but I to find this topic to be actually one thing which I think I might by no means understand. It seems too complicated and extremely wide for me. I’m looking ahead for your next put up, I will try to get the hang of it!

  7. You really make it seem so easy with your presentation but I find this matter to be actually something which I think I would never understand. It seems too complex and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  8. My husband and i felt now lucky that Raymond could round up his research out of the ideas he came across using your web site. It’s not at all simplistic just to choose to be giving freely strategies people today may have been making money from. And we also figure out we’ve got you to be grateful to for that. All of the explanations you made, the easy web site menu, the relationships you help instill – it’s most sensational, and it’s really letting our son in addition to us believe that that situation is pleasurable, and that’s extremely important. Thanks for everything!

  9. I will immediately snatch your rss as I can not find your e-mail subscription hyperlink or newsletter service. Do you’ve any? Please permit me recognise in order that I may just subscribe. Thanks.

  10. Hey, you used to write fantastic, but the last several posts have been kinda boring¡K I miss your tremendous writings. Past several posts are just a little out of track! come on!

  11. Thank you for any other wonderful post. The place else may anybody get that type of information in such an ideal way of writing? I’ve a presentation next week, and I am at the look for such info.

  12. Hey, you used to write fantastic, but the last several posts have been kinda boring¡K I miss your tremendous writings. Past several posts are just a little out of track! come on!

  13. Thanks , I have recently been searching for info about this topic for ages and yours is the best I’ve found out till now. But, what concerning the bottom line? Are you sure about the source?

  14. Hi, Neat post. There is an issue with your website in web explorer, would test this¡K IE still is the market chief and a huge element of folks will pass over your great writing due to this problem.

  15. Thanks for another informative blog. The place else could I get that kind of information written in such a perfect means? I’ve a project that I’m simply now working on, and I’ve been on the glance out for such info.

  16. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  17. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  18. I am just writing to make you be aware of what a superb encounter my friend’s princess found reading your site. She picked up such a lot of details, most notably what it’s like to possess an incredible coaching nature to make other people just grasp chosen specialized matters. You really did more than my expected results. Thanks for delivering those good, safe, edifying and even easy guidance on the topic to Lizeth.

  19. I do accept as true with all of the ideas you have offered for your post. They are very convincing and can certainly work. Still, the posts are too brief for novices. Could you please prolong them a little from next time? Thank you for the post.

  20. I keep listening to the news update speak about getting free online grant applications so I have been looking around for the best site to get one. Could you advise me please, where could i acquire some?

  21. Good article and right to the point. I don’t know if this is really the best place to ask but do you folks have any thoughts on where to employ some professional writers? Thanks in advance 🙂

  22. hey there and thank you for your info – I have definitely picked up anything new from right here. I did however expertise a few technical issues using this website, as I experienced to reload the web site lots of times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and could damage your high quality score if ads and marketing with Adwords. Anyway I’m adding this RSS to my email and could look out for a lot more of your respective interesting content. Ensure that you update this again soon..

  23. Undeniably believe that which you said. Your favorite justification appeared to be on the net the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they just don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people could take a signal. Will probably be back to get more. Thanks

  24. Thanks for the sensible critique. Me and my neighbor were just preparing to do some research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such great info being shared freely out there.

  25. Good web site! I really love how it is simple on my eyes and the data are well written. I’m wondering how I could be notified when a new post has been made. I have subscribed to your feed which must do the trick! Have a nice day!

  26. I like what you guys are up also. Such clever work and reporting! Keep up the superb works guys I¡¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  27. It is in point of fact a nice and useful piece of info. I am happy that you just shared this helpful information with us. Please keep us informed like this. Thank you for sharing.

  28. I want to express my appreciation to the writer just for bailing me out of this type of setting. After looking through the world wide web and getting views that were not beneficial, I assumed my entire life was well over. Existing without the presence of solutions to the difficulties you have solved all through your entire write-up is a crucial case, and ones that might have negatively damaged my entire career if I hadn’t come across your blog. Your own personal mastery and kindness in dealing with all areas was tremendous. I don’t know what I would’ve done if I had not discovered such a step like this. I can now look forward to my future. Thanks for your time very much for this reliable and results-oriented help. I will not hesitate to refer your web site to anyone who requires assistance about this issue.

  29. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is wonderful blog. A great read. I’ll definitely be back.

  30. Valuable information. Fortunate me I discovered your website by chance, and I’m shocked why this twist of fate did not took place earlier! I bookmarked it.

  31. Someone necessarily assist to make critically articles I would state. This is the very first time I frequented your website page and thus far? I amazed with the analysis you made to create this particular put up incredible. Great process!

  32. I have to get across my admiration for your generosity supporting persons who really want assistance with the area. Your very own dedication to getting the message all over has been extraordinarily functional and has in every case enabled ladies like me to reach their endeavors. Your new helpful publication signifies a great deal to me and far more to my colleagues. With thanks; from each one of us.

  33. Howdy very cool site!! Man .. Excellent .. Wonderful .. I’ll bookmark your web site and take the feeds also¡KI am glad to search out numerous useful info here within the post, we want work out extra strategies on this regard, thanks for sharing. . . . . .

  34. Great weblog right here! Additionally your web site a lot up fast! What host are you the usage of? Can I get your associate link in your host? I desire my site loaded up as fast as yours lol

  35. Fantastic goods from you, man. I’ve understand your stuff previous to and you are just extremely fantastic. I really like what you have acquired here, really like what you are stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensible. I can’t wait to read far more from you. This is really a tremendous site.

  36. Nice post. I was checking constantly this blog and I am impressed! Very useful info specifically the last part 🙂 I care for such info a lot. I was looking for this particular info for a long time. Thank you and good luck.

  37. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  38. I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here frequently. I am quite sure I’ll learn lots of new stuff right here! Best of luck for the next!

  39. Hey, you used to write fantastic, but the last several posts have been kinda boring¡K I miss your tremendous writings. Past several posts are just a little out of track! come on!

  40. Hello There. I found your blog using msn. This is a really well written article. I will make sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll certainly return.

  41. I’m extremely impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays..

  42. I’m still learning from you, but I’m trying to reach my goals. I absolutely enjoy reading all that is posted on your blog.Keep the stories coming. I liked it!

  43. I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here frequently. I am quite sure I’ll learn lots of new stuff right here! Best of luck for the next!

  44. Great weblog right here! Additionally your web site a lot up fast! What host are you the usage of? Can I get your associate link in your host? I desire my site loaded up as fast as yours lol

  45. Great weblog right here! Additionally your web site a lot up fast! What host are you the usage of? Can I get your associate link in your host? I desire my site loaded up as fast as yours lol

  46. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  47. I would like to thnkx for the efforts you’ve put in writing this website. I’m hoping the same high-grade website post from you in the upcoming as well. Actually your creative writing abilities has encouraged me to get my own web site now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.

  48. I do accept as true with all of the ideas you have offered for your post. They are very convincing and can certainly work. Still, the posts are too brief for novices. Could you please prolong them a little from next time? Thank you for the post.

  49. Nice post. I was checking constantly this blog and I am impressed! Very useful info specifically the last part 🙂 I care for such info a lot. I was looking for this particular info for a long time. Thank you and good luck.

  50. Undeniably believe that which you said. Your favorite justification appeared to be on the net the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they just don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people could take a signal. Will probably be back to get more. Thanks

  51. You can definitely see your expertise within the work you write. The sector hopes for more passionate writers like you who are not afraid to mention how they believe. Always go after your heart.

  52. I truly wanted to post a brief comment to be able to thank you for some of the lovely pointers you are sharing at this site. My incredibly long internet search has at the end of the day been honored with excellent facts and techniques to share with my good friends. I ‘d express that most of us site visitors are really lucky to exist in a wonderful site with so many special people with insightful tips and hints. I feel rather blessed to have come across your site and look forward to so many more entertaining moments reading here. Thanks a lot once more for all the details.

  53. I have read some just right stuff here. Certainly value bookmarking for revisiting. I surprise how much attempt you place to make this type of excellent informative website.

  54. Thanks , I have recently been searching for info about this topic for ages and yours is the best I’ve found out till now. But, what concerning the bottom line? Are you sure about the source?

  55. I¡¦m not positive where you are getting your information, however good topic. I needs to spend some time learning much more or working out more. Thanks for excellent info I used to be searching for this information for my mission.

  56. I as well as my guys were actually digesting the good ideas from your web site then at once I had a terrible feeling I never expressed respect to you for those secrets. The men ended up for that reason warmed to read them and have really been enjoying them. Appreciation for actually being quite kind as well as for making a decision on certain amazing subject matter most people are really wanting to be informed on. My sincere regret for not expressing gratitude to you earlier.

  57. Hi, Neat post. There is an issue with your website in web explorer, would test this¡K IE still is the market chief and a huge element of folks will pass over your great writing due to this problem.

  58. Hello my friend! I want to say that this article is amazing, nice written and include almost all important infos. I would like to look more posts like this .

  59. Whats Going down i’m new to this, I stumbled upon this I’ve discovered It positively helpful and it has helped me out loads. I am hoping to give a contribution

  60. I was recommended this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my trouble. You are incredible! Thanks!

Leave a Reply

Your email address will not be published.