Aura Energy lights way in clean green global challenge

Aura has completed the first stage of its Net Zero Emission Study, which confirmed the Tiris Uranium Project in Mauritania as low emissions, with a clearly defined pathway to net zero.

Wood Group’s initial study found that based on the Definitive Feasibility Study (DFS) the project would generate total Scope 1 and Scope 2 baseline Greenhouse Gas (GHG) emissions of 16,600 tonnes of carbon dioxide equivalent (tCO2e) per annum, or about 0.15% of Mauritania’s total GHG emissions.

Aura is now progessing on its pathway to net zero through the potential use of renewable energy to meet the majority of its power needs.

Aura Energy (ASX:AEE) acting chief executive officer Dr Will Goodall said the study clearly defined a net zero pathway as the company transitions from being a uranium explorer to a uranium producer.

“As countries globally strive to meet net zero emission targets, we believe nuclear energy is the leading solution to decarbonisation,” he added.

Total commitment

“Aura is highly committed to meeting Environmental, Social and Governance (ESG) practices to reduce carbon emissions at Tiris, but also in delivering positive and lasting societal impacts in Mauritania.

“With strong support from the Mauritanian government, Aura continues to advance towards net zero emission uranium production at Tiris.”

Chasing net zero dream, investing locally

Aura’s goal of achieving net zero emissions at Tiris is ideally aligned with the approach which both governments and corporations must now pursue if net zero emissions targets, set down during the landmark 2021 United Nations Climate Change Conference, are to become a reality.

This is doubly true given that nuclear power is now receiving greater attention as a major source of carbon free energy with the UK, France, Finland, United States, UAE, China, Russia, Japan and the Czech Republic amongst the countries with plans to increase the role nuclear power can play in their energy mix.

European Commissioner for the Internal Market Thierry Breton had previously flagged nuclear power investment of about €500bn would be required by 2050 to achieve the European Union’s goal of carbon neutrality.

Aura also intends to be an ESG leader by investing in the local communities in which it operates to create positive societal impacts in Mauritania, including job creation through the development of a responsible and sustainable industry.

This article was developed in collaboration with Aura Energy, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.