Asia Is Building 73% of the World’s New Nuclear Capacity

The Middle East crisis and the spiking oil and gas prices have shifted the Asian nations’ priorities to energy security and generating electricity with homegrown resources. Renewable energy capacity is soaring, not only in the top emerging markets China and India, but also across Southeast Asia, as the Strait of Hormuz crisis hiked LNG prices and dented gas demand. Another clean energy source, nuclear capacity, is also gaining momentum globally. Countries worldwide started thinking about adding or building nuclear reactors for the first time…