Nuke names jump as 22 countries commit to triple nuclear energy capacity by 2050 - Seeking Alpha
Nuke names jump as 22 countries commit to triple nuclear energy capacity by 2050 | Seeking Alpha
Nuke names jump as 22 countries commit to triple nuclear energy capacity by 2050
zhongguo/E+ via Getty Images
Cameco (NYSE: CCJ) +4.4%, Uranium Energy ( UEC) +3.8% and Energy Fuels ( UUUU) +3.7% pre-market Monday after the U.S. and 21 other countries pledged at the COP28 climate summit in Dubai to triple nuclear energy capacity by 2050, saying an agreement is critical to meeting climate commitments in the coming decades.
Also on watch: Denison Mines ( DNN), Ur-Energy ( URG), Centrus Energy ( LEU), NuScale Power ( SMR), NexGen Energy ( NXE), Uranium Royalty ( UROY), Fission Uranium ( OTCQX:FCUUF).
The pledge is a further indication of a new momentum for nuclear power as a source of reliable low carbon energy, the International Atomic Energy Agency said.
Recommended For You
More Trending News
See More »
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.