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IEA Report warns of ‘largest fleet decline across advanced economies’

The European Union needs to offer more support for nuclear power with the bloc facing the largest fleet decline across advanced economies and the possibility that the share of nuclear in the electricity mix could fall from 25% in 2017 to 5% in 2040, a report by the International Energy Agency says.

The report, which reviews energy policies in the European Union, says the EU should support a broader spectrum of research, development and demonstration on advanced nuclear concepts and small modular reactors, including for heat production for industrial uses and cogeneration.

It calls for the integration of flexible nuclear and renewable sources and progress towards harmonisation and standardisation. It says there is a need for the development of common approaches for licensing.

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