Renewable And Nuclear Energy Combined Expected To Be 55-60% Of Global Electricity Supply In 2050
Portfolio Pulse from Benzinga Newsdesk
According to the EIA Administrator, the combined contribution of renewable and nuclear energy is expected to account for 55-60% of the global electricity supply by 2050. This prediction was cited by Reuters.
October 11, 2023 | 1:53 pm
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POSITIVE IMPACT
The Global X Uranium ETF (URA) could be positively impacted by the projected increase in nuclear energy's contribution to the global electricity supply by 2050.
The Global X Uranium ETF (URA) invests in a broad range of companies involved in uranium mining and the production of nuclear components. The projected increase in nuclear energy's contribution to the global electricity supply by 2050 could lead to increased demand for uranium and nuclear components, potentially benefiting URA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70