Million Pounds

of uranium through 2021 Q2


CAGR Increase

in global uranium demand is expected through 2025



of uranium project areas are under Ur-Energy's operation

View Our Analysis

The Path to Drawdown: Nuclear Power

Addressing climate change and staying below 1.5ºC of global warming compared to pre-industrial levels means that the world’s electricity 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 fifty years - equivalent to nearly 2 years’ worth of global energy-related emissions. Unlike solar and wind, electric generation from nuclear power is stable and constant. The cost of building new plants is still very high, but once built, the energy is relatively cheap. 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 Sustainability Metrics

While nuclear power generation is emissions-free, mining and refining uranium ore, making reactor fuel, and manufacturing the power plant and equipment require large amounts of energy. Ur-Energy should disclose the sustainability of all of these activities and operations. In particular, we'd like to know whether they rely on fossil fuels to mine and refine uranium and the sources of energy that power their plant.

Set Clear Targets

Ur-Energy needs to set clear targets on enhancing the sustainability of their operations. If they are responsible for greenhouse gas emissions, how do they plan to cut these emissions? Plans for improving energy efficiency or increasing the share of renewable and clean energy for their operations? We'd like to know.

Related Nuclear Energy Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description


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


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


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


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


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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