Canada's Minister of Natural Resources is taking part in the International Atomic Energy Agency 5th Ministerial Conference on Nuclear Power.
Jonathan Wilkinson told the gathering that the world is a pivotal moment in history, as the war in Ukraine impacts Europe and beyond.
He said Russia's illegal invasion and the existential challenge of climate change have significant implications for nuclear energy.
Wilkinson stated that nuclear energy is one of the options as governments around the world look for secure, non-emitting forms of energy to provide power
And he says Canada is in the positions to help address domestic energy requirements and to export natural resources and technology to the world.
"Canada boasts the largest deposit of high-grade uranium on earth. our country produces over 70 percent of the world's supply of cobalt-60, which is the most common isotope used in radiation therapy and medical equipment sterilization," said Wilkinson.
He added existing technology, and new small nuclear reactors, can help Canada seize the opportunity.
"As you know very well, nuclear power has many advantages: it is non-emitting; it is safe; it provides baseload power; and, when produced properly, it is affordable," he explained
"Today, as a Tier-1 nuclear nation with over 70 years of technological leadership, a world-class regulator and a strong domestic supply chain, our nuclear sector is poised to be a leader in an emerging global market that some estimate to be worth up to $150 billion a year by 2040," he concluded.
