NEW YORK (TheStreet) -- In a world struggling to find answers on the causes and effects of climate change, what's old may suddenly be new again in order to save Mother Earth. That could bode well for the nuclear sector especially if environmentalists truly want to win the war on carbon. In fact, if climate scientists are right, advanced nuclear power may very well help thwart a climate catastrophe, a growing reality which may cause the split environmental community on nuclear to rethink the future of this power source.
>>Read More: 5 Companies Warning on Global Warming Risk
With spot prices of uranium trading near the worst levels since the 2011 Fukushima disaster, investing in the space could be tricky. Tricky doesn't mean its necessary to avoid the space though. Rather it actually has me thinking investors need to focus on the uranium miners with the best cost profile and working capital needed to get over this slide in spot uranium prices which can turn on a dime and move higher, something I'm fully expecting.
Prior to the 2011 Fukushima disaster, an event that was influenced by an earthquake, a tsunami and questionable management action, the price of uranium was trading north of $70 per pound. Since then prices or this power source have slipped on a banana peel and have yet to recover. With prices currently around $29 per pound, the time for this sector to get back on its feet is now.Whether it has been the Intergovernmental Panel on Climate Change climate report, the White House's aggressive National Climate Assessment report or a growing focus on West Antartic's inevitable ice sheet collapse, there is a fever pitch of clamors happening to support clean energy and the action needed to reverse global warming. This may bode well for nuclear power since electricity produced from uranium produces no emissions.
So where do we go from here? President Obama has basically declared a war on coal, Congress has for now at least killed to Keystone XL Pipeline, Florida has given state approval for two new reactors at Turkey Point, solar and wind power are still intermittent sources of power and Japan, yes Japan, may be about to finally restart nuclear reactors to avoid further blackouts and electricity price appreciation post the Fukushima nuclear crisis.