Ryan Stancil,
Editor
Sept. 10, 2021
A week ago, parts of New York City were underwater.
Hurricane Ida battered the Five Boroughs, leaving people dead, homes without power, and much of the city crippled in its wake.
The storm’s wrath left a trail of destruction bad enough that President Biden approved an emergency declaration for both New York and New Jersey. When he spoke on the crisis, the president said that extreme storms like this would be one of the great challenges of our time. It’s the kind of rhetoric we’re likely to hear more of as the effects of climate change become more apparent and time runs out.
This was all echoed earlier this week when President Biden spoke again on the damage the hurricane caused. He visited Queens and issued a warning that Ida was a sign the nation and world were in peril as more people become vulnerable to extreme weather. He said that as things stand now, we are in a code red situation. He pushed for more immediate action to support his infrastructure package, which includes funding to fight climate change.
And as much as the mainstream news cycle often relies on hyperbole, this ongoing story isn’t that.
Climate change is an ongoing crisis that the world will be forced to address over the next few years. This is apparent not just in potential bills waiting to be passed, but in the decisions being made in the lives of average people.
One thing you may hear more about soon is the generational shift underway in addressing the crisis. According to a recent report, more members of Generation Z, those born between 1997 and 2012, are pursuing climate-related careers and areas of study.
College campuses in states like California and New York have seen increased enrollment in environmental studies programs and are adding more related programs to their curriculums.
And the jobs are there.
According to the United States Bureau of Labor Statistics, employment for environmental scientists and other related fields is projected to grow 8% over the next 10 years. That’s far faster than many other industries. It’s the kind of growth that will do away with the old idea that there is no viable career path in environmental studies.
That all makes sense when you consider not only the growing concern around climate that the average person has, but the fact that industries are changing their practices to better address the climate crisis.
Policies and technologies that were once considered to be fringe are well on their way to becoming mainstream.
You’ve heard about the proposals and plans for replacing combustion engines with electric cars. You’ve heard about electricity generation through methods like solar and wind power.
Coal is falling out of favor in many parts of the world and the trends are pointing to oil following it by the time Generation Z begins to reach middle age.
Though nations are in different places, they all seem to be on the same page when it comes to achieving net-zero emissions. The actions above will all play their parts in getting there, and so too will nuclear power.
It’s why uranium prices have been taking off lately.
We’re now a decade past the Fukushima disaster. The narrative that nuclear power will never play a role in power generation is falling apart.
It’s becoming clear that becoming free of fossil fuels without nuclear power simply isn’t possible. That’s reflected not only in the price, but the fact that around 50 nuclear power plants are under construction all over the world and many more are planned.
It’s reflected in the fact that the Biden administration has proposed $1.85 billion in funding for the U.S. Department of Energy’s nuclear energy program.
It’s reflected in the fact that the market for the emerging technology of small, modular nuclear reactors is expected to be worth $11.3 billion by 2026.
Nuclear power, once the villain, is becoming the hero of the story thanks to new technology and growing bipartisan support.
The few companies that deal in uranium are set to take off as the age of nuclear power begins. One newly recommended investment in particular stands to gain from these new market conditions and become a household name in the sector.
You don’t want to miss out.
This new uranium cycle is just beginning, so the best time to get in and grab the best gains is right now.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle
Ryan Stancil is an editor and regular contributor to Daily Profit Cycle. He’s been active in the financial publishing industry for more than half a decade, offering insights and commentary on technology and geopolitics to help readers make sense of the constantly changing landscape and how it affects their investments. His readers appreciate his "tell it as it is" writing style, where he always offers a fresh new perspective on what's happening in the market and leaves nothing unsaid.