The uses and benefits of uranium are not limited to nuclear fuels and producing nuclear weapons. Uranium has vast benefits that outweigh its likely negative effects. Currently, experiments and research are still being carried out to understand how to better utilize uranium so as to attain these benefits:
1. Reduces emissions
As contrasted to varying energy sources like natural gas and coal, which have major hazardous impacts, uranium assists in producing nuclear energy that emits less pollution. As such, nuclear energy manufacture is free from carbon dioxide emissions. This is truly beneficial since carbon dioxide is seen as the key source of ecological degradation.
2. Nuclear energy production
Many countries are now looking to nuclear energy as an alternative to other energy sources since it has lower harmful environmental effects in contrast with other energy sources like coal. This move will probably lead to an increase in the demand for uranium. This is because uranium is the main constituent in nuclear energy production.
3. Generates high profits
With the increasing popularity of utilizing nuclear energy, experimentation greatly increases also because of lack of stringent regulations. Hence, small miners are going to get high profits at increased financial risk. In contrast, large mining companies have greater profits at low risks.
4. Prevents global warming
Due to the extreme climatic conditions that are caused by global warming, scientists and other experts are looking for the least dangerous energy sources. As such, nuclear energy use has now become the main priority. Investors are now seeking partnership with uranium producers so as to attain high profits.
Uranium aids in producing renewable nuclear energy, but this depends on the kind of reactor that is being used during production. Presently, there are more than 400 reactors operating across the globe. New technological improvements will result in the use of thermal reactors for capturing uranium.
Nevertheless, uranium poses a great risk as nuclear wastes demand lots of space and resources.