G7 Asked to Support Nuclear Energy Use in Fighting Against Climate Change

Nuclear energy is said to cut down the number of atmospheric carbon emissions by more than 470 metric tons every year. The G7 nations are now being asked to leverage this technology in their own countries to aid in the global goal of achieving low-carbon emissions and securing a reliable supply of clean energy. Furthermore, the leaders of the G7 nations have been asked to help other nations start or restart their nuclear programs to combat global carbon emissions.

Shortly before the 48th G7 summit was held in Germany, the nuclear industry sent a joint message to the leaders of the G7 countries asking them to support nuclear energy as part of their efforts to battle climate change. The joint statement was issued by Japan Atomic Industries Forum, Canadian Nuclear Association, the UK’s Nuclear Industry Association, America’s Nuclear Energy Institute, World Nuclear Association and Nucleareurope.

The nuclear industry association called on the leaders of these countries to include nuclear energy in frameworks for national and international green financing policy, to set enthusiastic targets for nuclear capacity goals, to extend the operating lives of existing nuclear reactors, and to incentivize the restarting of operable reactors that are currently shut down. Furthermore, the nuclear industry called on the G7 nations to support the research and development of smaller state-of-the-art nuclear technologies that could be used to extend the scope of applications for nuclear energy.

According to the joint statement, the world is currently facing two significant energy challenges: decarbonizing the energy industry and making sure every citizen and business on the globe has 24/7 access to clean, dependable, affordable energy.

Nuclear technologies make perfect sense as an alternative energy source as the climate crisis worsens and energy prices become more volatile, the statement said, observing that it will be key to meeting global clean-energy goals and securing a supply of clean energy. As it stands, the nuclear associations said, it will take strong policies coupled with investment in low-carbon technologies to move away from the fossil fuels we have become so dependent on.

However, the statement notes that combining these efforts with nuclear energy could allow the world to transition more quickly to a sustainable energy model that isn’t reliant on fossil fuels. Such a transition is a clean, accessible, affordable, and reliable solution for countries that are looking to move away from using fossil fuels such as coal for energy generation.

With companies such as Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) able to ramp up production, it wouldn’t be too hard to meet the growing demand for uranium around the world.

NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU

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