Australia Missing out on Global Nuclear Boom, Warns Uranium CEO
The CEO of Boss Energy stated that Australia’s nuclear ban is hindering the country’s access to cleaner, more affordable, and reliable electricity. According to Duncan Craib, the CEO of Boss Energy, Australia is missing out on the global trend of nuclear expansion due to its complete ban on nuclear technology. He expressed concerns during an inquiry into nuclear power, emphasizing that the ban is preventing the country from taking advantage of significant growth opportunities in the energy sector. Craib highlighted Australia’s vast uranium reserves and the potential for economic growth and job creation in the nuclear and uranium mining industries. Despite the disappointment in the lack of scientific, technical, or economic support for the ban, he stressed the importance of affordable power for a thriving economy and urged Australia to consider nuclear power as a viable option for producing clean, affordable, and dependable electricity. Craib also emphasized the rising global demand for uranium and the potential for Australia to increase its production levels to meet this demand. He noted that many countries worldwide are expanding their nuclear power generation capabilities to reduce emissions and meet growing energy needs. With high uranium prices and a structural deficit between demand and supply, Craib urged Australia to reconsider its ban on nuclear power to stay competitive in the global energy market.
