Weekly Reports | Sep 19 2017
Nuclear will be the second fastest growing source of global energy out to 2040, the EIA forecast last week, but minimal impact was felt in uranium markets.
By Greg Peel
Over the period 2015-40, world energy consumption is forecast by the US Energy Information Agency to grow by 28%. To provide for that growth in demand, renewable energy sources are forecast to see the fastest growth, of 2.3% per annum, followed by nuclear power at 1.5%.
The demand for coal is expected to remain flat as coal-fired generation is increasingly replaced by gas-fired, renewable and nuclear sources and the demand for coal in industrial processes weakens.