Staff Reporter
The growing energy needs and the clean energy potential of nuclear power have sparked a significant rise in global investments, with nearly every region boosting their nuclear energy expenditures by at least 50% in the past five years.
In this report, Visual Capitalist examines the surge in nuclear energy investments and highlights the regions that are leading the charge.
Which Region Invested the Most?
According to estimates from the International Energy Agency (IEA), over $300 billion has been funneled into nuclear energy worldwide in the last five years. Here’s how that investment is distributed across different regions:
Trends in Energy Investment
Investment in nuclear energy is on the rise across all regions, with advanced economies like the U.S. taking significant steps forward. The U.S. has committed an additional $2.7 billion to enhance its nuclear fuel supply chain, adding to the $7.5 billion it already invests annually in nuclear power.
This growing global investment underscores the crucial role of nuclear energy in the transition to cleaner energy sources. South America and Eurasia, in particular, have recognized the potential of nuclear power, leading them to more than double their annual investment rates.
A Key Player in the Global Energy Transition
Nuclear energy’s significant energy potential and low emissions position it as a crucial component in the shift to clean energy. As a result, many countries are making substantial investments in this energy source, with forecasts indicating that the demand for nuclear-generated electricity is set to increase.
