Nuclear Energy will power the future

THE SMALL NUMBER OF Australians vehemently opposed to uranium mining and nuclear power are obviously not avid readers nor weight-lifters.

If they were, they would have seen the International Energy Agency's enormous 687-page, two-kilogram report on the world's energy outlook released last month. It should be compulsory reading for those who think Australia's uranium industry and nuclear power has a bleak future.

The IEA lays out three scenarios for the growth in emissions-free nuclear power across the globe over the next quarter of a century and all are stellar for nuclear energy.

The first scenario — which has current energy and climate change policies continuing into the future — shows a 51 per cent increase for nuclear power generation from 2011 to 2035.

The second scenario — which takes into account potential new policies to mitigate climate change — has nuclear power increasing by 66 per cent.

And in the final scenario — which assumes the world takes radical action on climate change — nuclear power generation increases by 126 per cent.

In any of the three scenarios, nuclear power is only going one way and that's up, which is terrific news for Australia.

This country is home to more uranium that any other. About 31 per cent of the world's known reserves are found here.

We have a massive natural advantage in resource endowment and, despite the over blown rhetoric of the industry's ideological opponents, an enviable health and safety track record.

More than 10,000 containers of uranium concentrate have been exported from Australia over more than 30 years without incident.

We are geographically located near the fast growing energy markets in Asia where most of the 60 nuclear power plants currently under construction are located.

These fast developing economies will soon join nations like France, Canada, the United States and others where nuclear power has been providing cheap energy to homes and businesses for decades. There are 430 nuclear reactors operating in these countries right now.

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