Australia's uranium: Greenhouse friendly fuel for an energy hungry world

The House of Representatives Standing Committee on Industry and Resources\u27 report into the strategic importance of Australia’s uranium resources. To generate continuous, reliable supplies of electricity on a large scale, the Committee concludes that the only alternative to fossil fuels is nuclear energy. According to the report nuclear is the only proven technology for baseload power supply that does not release substantial amounts of CO2. By virtue of its immense uranium resource endowment—amounting to some 38 per cent of the world’s total identified resources of uranium recoverable at low cost—Australia should throw the world a climate lifeline through the expanded production and export of this greenhouse-friendly fuel