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Posted 30 Mar 2024

2 min read

  • Summit was jointly organized by the International Atomic Energy Agency (IAEA) and Belgium to promote nuclear energy. 
    • It was organised in the wake of the historic inclusion of nuclear energy in the Global Stocktake agreed at the UN Climate Change Conference (COP28), 2023.
    • Inclusion in Global Stocktake called for accelerating its deployment.
      • Currently, nuclear energy is responsible for around 25 % of global low carbon electricity production. 
  • Summit was attended by more than 30 nations (including India) and European Union.

 

  • About IAEA
    • Genesis: Established in 1957 as an autonomous international organization within the United Nations system
    • Objective: Works with its Member States and multiple partners worldwide to promote safe, secure and peaceful nuclear technologies. 
    • Safeguard Mechanism: The global Nuclear Non-Proliferation Treaty (NPT) and other treaties against the spread of nuclear weapons entrust the IAEA as the nuclear inspectorate. 
      • IAEA has also evolved additional Protocol mechanism; it enables IAEA to verify the peaceful use of all nuclear material in States.
      • India is part of this protocol. 
    • Members: 178 (Including India) 
    • Key Initiative: Atoms4NetZero
    • HQ: Vienna, Austria

Relevance and Challenges of Nuclear Energy 

  • Clean source of electricity with minimal Carbon Footprint.
  • Technological advancement in the form of Small Modular Reactors (SMRs) will make it more feasible. 
    • SMR’s are advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit. 
  • Perennial Availability. 
  • Challenges:  Safety concerns post-Fukushima nuclear disaster and Vulnerable to cyber-attacks , High upfront cost of building a nuclear power plant, Long delays, etc. 
  • Tags :
  • Nuclear Energy
  • Nuclear Energy Summit
  • International Atomic Energy Agency (IAEA)
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