Community Research and Development Information Service - CORDIS

Abstract

For the global nuclear supply chain, 2004 was a more stable year after some production disruptions in 2003. Security of supply of all energy sources received ever more interest and media exposure, the nuclear renaissance showed more signs of gathering momentum, uranium prices continued to rise, the US dollar kept declining, and uranium production finally started to rise, although it still remains below actual reactor requirements.World production increased in most geographic areas, including Australia and southern Africa, despite the unfavourable currency exchange rate situation for producers operating in those areas.
For the EU, 2004 was the year of its most important enlargement: 10 new Member States joined the Union on 1 May. Five of them have nuclear power production, and while some reactors are being shut down, new ones are planned. Altogether, the share of nuclear power in electricity generation in the EU-25 is around 32 %, which makes it the largest single source of electricity. In France, EdF made the decision to construct a new European pressurised water reactor (EPR) in Flamanville, and several countries inside and outside of Europe announced plans for new nuclear reactors.
The Kyoto Protocol was finally ratified by Russia and came into force in early 2005.This, together with the start of emissions trading in the EU as of 1 January 2005, has contributed to a more favourable view of nuclear power as a necessary part of energy generation. In order to further improve its prospects, it would be most useful if nuclear energy became eligible to join the mechanisms of the Kyoto Protocol.

Additional information

Authors: No author stated, European Commission, DG Energy and Transport, Brussels (BE)
Bibliographic Reference: Luxembourg, Office for Official Publications of the European Communities, 2005. 37 pp, free of charge
Availability: http://bookshop.europa.eu/is-bin/INTERSHOP.enfinity/WFS/EU-Bookshop-Site/en_GB/-/EUR/ViewPublication-Start?PublicationKey=KOAA05001 (Catalogue Number: KO-AA-05-001-EN-C)
ISBN: ISBN: 92-894-9476-X
Record Number: 200618772 / Last updated on: 2006-09-15
Category: PUBLICATION
Original language: en
Available languages: en