The Role of Uranium In The World's Energy Supply

Abstract

Uranium as an energy source is a relative newcomer to the world energy scene. Commercial nuclear power reactors first began to operate only three decades ago. Meanwhile, their contribution has grown rapidly so that today more than 15% of the world's electricity is supplied by the fissioning of uranium. Significant growth in uranium consumption is foreseen for at least the next three decades. If growth occurs at low estimated rates for nuclear plant installations, current delineated uranium resources should provide adequate fuel for the nuclear industry. If higher growth estimates are realized, increased uranium utilization may be required through the development of more efficient nuclear fuel cycles.