Climate change is driving the shift away from fossil fuel electricity production to those that release minimal greenhouse gases such as hydro, wind, solar and more increasingly, carbon-free nuclear energy. Uranium miners and developers such as Global Uranium and Enrichment Resources are poised to benefit from this transition.
Generating the lowest greenhouse gases of any power source, nuclear power has the potential to lead the world towards decarbonisation. It is a clear frontrunner for replacing fossil fuel sources over time. Renewables have become much more competitive in cost, but they do not have the dependable capacity to take a significant share of the broader energy market. In addition to being clean and reliable, nuclear power is efficient, safe and may offer greater energy security for many Western nations including the USA where Global Uranium and Enrichment has established a dominant uranium position.