Uranium Supply/Demand Projections to 2030 in the OECD/NEA-IAEA "Red Book"

World demand for electricity is expected to continue to grow rapidly over the next several decades to meet the needs of an increasing population and economic growth. The recognition by many governments that nuclear power can produce competitively priced, base load electricity that is essentially free of greenhouse gas emissions, combined with the role that nuclear can play in enhancing security of energy supplies, has increased the prospects for growth in nuclear generating capacity. Since the mid-1960s, with the co-operation of their member countries and states, the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA) have jointly prepared periodic updates (currently every 2 years) on world uranium resources, production and demand. These updates have been published by the OECD/NEA in what is commonly known as the "Red Book". The 2007 edition replaces the 2005 edition and reflects information current as of 1(st) January 2007. Uranium 2007: Resources, Production and Demand presents, in addition to updated resource figures, the results of a recent review of world uranium market fundamentals and provides a statistical profile of the world uranium industry. It contains official data provided by 40 countries (and one Country Report prepared by the IAEA Secretariat) on uranium exploration, resources, production and reactor-related requirements. Projections of nuclear generating capacity and reactor-related uranium requirements to 2030 as well as a discussion of long-term uranium supply and demand issues are also presented.