What a Year for Uranium and Nuclear Energy

Let’s start with nuclear energy. It’s back! After being unloved, forgotten and punished for a decade, it’s rising again. Some call it a nuclear renaissance but I like to think of it as a resurgence given the growing momentum.

Who would have thought that in just two years, public sentiment and government support would have shifted this strongly? Nuclear energy peeked out of the backstage shadows at COP26 in 2021. While the nuclear energy sector’s attendance that year was full of controversy, it marked the first public admission by governments that they had no chance of reaching net-zero targets without it. While there were outlier countries chasing energy unicorns, it was a watershed moment for nuclear.

By COP28, which recently concluded, nuclear energy took center stage with 22 countries pledging to triple their nuclear energy capacity by 2050. Wow!

Figure 1. Source: Dean Calma/International Atomic Energy Agency. From misplaced protests, misconceptions and […]

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