Power Up Your Portfolio With Uranium

The world is demanding more energy, at lower costs, with a smaller environmental footprint. The need is great, and with an increasing portion of the population moving from agrarian communities to developed cities, the global consumption of electricity is rising sharply.

In the past, emerging markets like China and India have been able to meet this rising demand by building coal-fired electricity plants, with the obvious byproducts being pollution and poor health. But emerging markets are increasingly turning to alternative sources of energy – generating power through cleaner processes and using renewable sources.

“Grid parity” or renewable energy at a comparable price to traditional measures is still not possible for technologies such as wind and solar, but nuclear energy costs are very close to matching coal and natural gas with much less fallout in the way of carbon emissions.

Of course, the term “nuclear” brings up images of Chernobyl and Three-Mile-Island, but over the past few decades the technology of nuclear power generation has become much safer and the threat of a nuclear accident is now very small. Even staunch environmentalists often concede that the risks associated with reactors (and the disposal of nuclear waste) is less of a danger than the harmful gases typically emitted from traditional energy sources.

The bottom line is that, for the next several decades, nuclear energy production is likely to increase as developed and emerging markets alike seek to meet rising energy demands in a responsible and efficient manner. (more)