Asia and Africa Accelerate Nuclear Ambitions Amid Global Energy Shock
The escalating war in Iran has intensified an already severe energy crunch, prompting a swift pivot toward nuclear power in emerging markets across Asia and Africa. With 31 nations now operating nuclear reactors—a 31% rise—and nuclear generation accounting for roughly 10% of global electricity, analysts warn that the conflict’s impact on oil supplies is reshaping regional energy strategies.
Key Takeaways
- Rapid reactor growth: The number of countries with operational nuclear plants has climbed to 31, signaling expanding adoption in developing economies.
- Modest global share, high regional impact: Nuclear power currently supplies about 10% of worldwide electricity, but its contribution is disproportionately significant in Asia and Africa’s energy mixes.
- Geopolitical catalyst: Disruptions to oil flows caused by the Iran conflict are accelerating nuclear investment as nations seek reliable baseload power.
- Policy momentum: Governments in the region are introducing incentives, streamlining licensing, and partnering with established nuclear technology providers.
- Strategic diversification: The shift underscores a broader move to diversify energy portfolios away from volatile fossil fuel markets.
