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Why NewMed could transform East Mediterranean gas to continental prominence

Uranium Week: Struggling With Low Prices

11:08 AM As the uranium spot price rose 2% for the week and 9% for the month, an EIA report revealed the lowest price paid since 2007 by owners and operators of US commercial nuclear plants -EIA report reveals the 2020 price paid by owners and operators of US civilian power reactors -The UK brings forward legislation to expand nuclear power -Kazatomprom posts -79% lower first quarter income -Uranium spot price rose by 2% for the week   By Mark Woodruff The US Energy Information Administration (EIA) released both its 2020 US Uranium Marketing Annual Report and its 2020 Domestic Uranium Production Report last week.  Despite covid roiling energy markets during 2020, the reports pointed to nuclear energy being a fundamental source of base load electricity generation (20%) with capacity factors steady at 94%, explains Canaccord Genuity. The broker believes coverage of future demand will continue to provide an impetus for a more active term market over 2021.

US Climate Advisor sees essential need to retain nuclear units : Energy & Environment

19 May 2021 Share The USA will need its existing nuclear power plants to help meet the Biden Administration s net zero by 2035 pledge, White House National Climate Advisor Gina McCarthy said yesterday during a webinar held by Columbia University Centre on Global Energy Policy. Last month, President Joe Biden announced a target to cut US emissions by 50%-52% from 2005 levels by 2030. White House National Climate Advisor Gina McCarthy US Energy Secretary Jennifer Granholm told the House Appropriations subcommittee on 6 May that she was open to the idea of subsidies for nuclear plants. Asked about this topic, McCarthy said: In many areas, continuation of the existing nuclear, as long as it s environmentally sound and it s permitted, is going to be absolutely essential because we need the time to actually find a way to get renewable energy [to be] a bigger part of the [energy] mix.

End new oil, gas and coal funding to reach net zero emissions by 2050, says top global watchdog

End new oil, gas and coal funding to reach net zero emissions by 2050, says top global watchdog
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