- Global investment in nuclear energy has increased by over 50% in nearly every region over the last five years.
- Europe leads with over $200 billion invested, while South America and Eurasia have more than doubled their annual investment.
- The United States has pledged an additional $2.7 billion to the nuclear fuel supply chain, emphasizing the growing role of nuclear power in the global energy transition.
The vast energy potential and clean nature of generating power through nuclear reactions have caused a surge in global demand, with nearly every region increasing nuclear energy investment by at least 50% over the last five years.
For this graphic, Visual Capitalist has partnered with Global X ETFs to analyze the increasing investments in nuclear energy and identify the regions with the highest levels of investment.
Which Region Invested the Most?
Over the last five years, the International Energy Agency (IEA) has estimated that over $300 billion has been invested in nuclear energy globally. Here’s how this breaks down by region:
Trends in Energy Investment
While all regions have invested significantly in nuclear energy, investment is growing further in advanced economies like the U.S., which has pledged an additional $2.7 billion to the nuclear fuel supply chain on top of the $7.5 billion it already invests in nuclear power yearly.
Growing global investment in nuclear energy emphasizes its essential role in the shift towards clean energy. South America and Eurasia, in particular, have seen the potential in nuclear power and have chosen to invest heavily, more than doubling their annual investment rates.
A Key Role in the Global Energy Transition
Nuclear energy’s high energy potential and near emission-less nature make it a key player in the transition toward clean energy.
Consequently, many nations are investing heavily in energy sources, and forecasts show that the demand for nuclear-generated electricity will only grow.
https://oilprice.com/Alternative-Energy/Nuclear-Power/Europe-Leads-the-Charge-in-Nuclear-Energy-Expansion.amp.html