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:
Ur-Energy Inc. (stock ticker: URG) engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. The company was incorporated in 2004 and is headquartered in Littleton, Colorado.
URG's Role in Drawdown
Ur-Energy explores uranium mineral properties and has a stake in 12 projects in the U.S, helping power nuclear energy, a Drawdown solution. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 36,000 acres located in the Great Divide Basin, Wyoming.
URG: What We Like
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