This year’s United Nations Climate Change Conference is slated for Oct. 31–Nov. 12, 2021, in Glasgow, Scotland. Sama Bilbao y León, director general of the World Nuclear Association wrote a letter to the UN Climate Change Conference president highlighting the association’s concerns about the rejection of applications on nuclear energy for the Green Zone.
The director urged Climate Change Conference President Alok Sharma to ensure that nuclear energy was well represented alongside other sources of energy that produce low levels of carbon, in addition to treating the energy fairly. Bilbao y León noted that doing so would be in line with the recommendations made by various expert organizations.
Earlier in August, a report published by the United Nations Economic Commission highlighted the crucial role that nuclear energy could play in effectively fighting climate change. This isn’t the only body to voice support for the use of nuclear energy for a more sustainable future. Other expert organizations in favor of the use of nuclear energy include the MIT Energy Initiative, the International Atomic Energy Agency, the OECD-Nuclear Energy Agency, the International Energy Agency and the Intergovernmental Panel on Climate Change.
These organizations all agree that nuclear energy is an important component for the transition to a cost-efficient and low-carbon future.
Data from the Intergovernmental Panel on Climate Change expects that by 2050 the demand for nuclear energy will have grown more than five times, assuming that there are no enforced changes in travel habits or diet and that the technological, economic and social trends follow present patterns of development.
Many believe nuclear energy is a dangerous energy given the severe nuclear power plant accidents that occurred in the past, the most recent one being the 2011 Fukushima Daiichi nuclear disaster.
However, nuclear energy is one of the best tools we have at our disposal, given that it is the biggest sole source of low-carbon electricity in developed nations. Its use would significantly decarbonize the global economy while also affording us the opportunity to build societies that are equitable, clean and truly sustainable.
Bilbao y León asserted that coming together as one would help speed up global action to address climate change but noted that, for this to be achieved, a considerable increase in political courage and ambition was needed. The director added that the World Nuclear Association had represented the international nuclear industry since the fifth United Nations Climate Change Conference and looked forward to continuing to do so, while making a case for nuclear power as the technology that will help build a brighter and cleaner future.
And uranium extraction companies such as Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are working to meet the demand for uranium as the switch to clean energy gathers momentum.
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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