Role of Nuclear Industry in the Global Energy Transition under the Influence of Exogenous Shocks

DOI: 10.33917/es-6.204.2025.100-107

Over the past five years, significant fluctuations in global nuclear energy production have been observed. From 2015 to 2022 its production growth slowed down and in 2022 a decline in production volumes was even observed. As a result, the share of nuclear energy in the global energy balance has significantly decreased over the past 20 years. However, the record energy price increases in 2022, coupled with climate change pressures, have prompted a number of countries to recognize the need to revive and develop the nuclear industry. The article analyses the consequences of the 2022 price crisis for the energy sectors of leading European countries, as well as the reasons that caused the change in the European Parliament’s position in respect of the nuclear energy. The main factors influencing development of the global nuclear energy at the present moment and determining its possible future development are identified. In addition, the article discusses the main players in the global nuclear energy market, examines position of Russia and Rosatom State Corporation therein and identifies new market segments with potentially high levels of competition in the nearest future.

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