10

Year Bear Market

There is a highly concentrated uranium supply as a result of a 10+ year bear market resulting in systemic underinvestment

70000000

Car-Equivalents of CO2

The amount of CO2 emissions that NexGen promises to avoid through the amount of clean energy their uranium will help generate

35065

Hectares

NexGen owns 32 contiguous uranium claims in Saskatchewan, Canada, totaling 35,065 hectares

View Our Analysis

The Path to Drawdown: Nuclear Energy

Addressing climate change and remaining below 1.5ºC of global warming compared to pre-industrial levels means that the world’s energy source needs to switch from fossil fuels to 100% emissions-free sources by 2050. Nuclear power needs to be a significant component in the energy mix of that decarbonized future.

Extremely powerful and efficient in generating electricity, nuclear power has reduced CO2 emissions by over 60 gigatonnes over the last five decades - equivalent to nearly 2 years of global energy-related emissions. Unlike solar and wind, electric generation from nuclear power is stable. The cost of building new plants is still very high, but once built, the energy is relatively inexpensive. With Generation III reactors on the horizon, nuclear power is becoming safer, cheaper, and more efficient.

Nuclear power accounts for 10.5% of global electricity generation today. To be on a path to remain under 1.5C° of warming, nuclear power needs to grow mildly in the next three decades:

What We Want to See Improve

Disclose Climate-Related Metrics

NexGen's Sustainability Report (p. 21) states that they are committed to "responsibly managing energy use and greenhouse gas emissions." But they provide us with no concrete data to show us what this means in practice. Their report needs to include metrics like scope 1, 2 and 3 emissions, emissions avoided and reduced, amount and sources of energy use, and waste generated. 

Set Emissions Reduction Targets

Once these sustainability metrics are disclosed, we'd like NexGen to go a step further and put out targets for reducing their emissions. These include emissions from their offices, facilities, transportation and employee commute. The targets should be quantitative and in line with the global commitment to stay below 1.5°C of global warming.

Related Nuclear Energy Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description

0.61%

Cameco Corp. (CCJ)

Cameco is one of the largest uranium producers in the world. Uranium is the metal used in generating nuclear power, an important clean energy source

0.05%

Centrus Energy Corp. (LEU)

Centrus sells low-enriched uranium and technical solutions to the nuclear power industry in the US. Nuclear power is a key part of the future energy mix

0.05%

Uranium Energy Corp. (UEC)

UEC explores, mines and processes uranium through in-situ recovery mining. Uranium is needed for nuclear energy, a key part of a zero-emission energy mix

0.03%

Ur-Energy Inc. (URG)

Ur-Energy identifies, acquires, explores, and processes uranium in the US. Nuclear power is a key element in the decarbonized energy mix

0.02%

Lightbridge Corp. (LTBR)

Lightbridge Corporation makes an all-metal fuel for nuclear reactors. Nuclear power is a key part of a zero-emissions energy mix

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