At the International Atomic Energy Agency (IAEA) Ministerial Conference in St. Petersburg, IAEA Director-General Yukia Amano said the world needs to utilize nuclear power to meet growing energy demands.
"Overall demand for energy is growing steadily as the world population increases," he said. "In order to meet that growing demand, we need to tap all available sources of energy. Nuclear power is a tried and tested technology. It provides electricity at a stable cost."
He added that uranium - the material used to create nuclear fuel - can last thousands of years if used in fast reactors. However, fossil fuels, will likely run out in a few hundred years.
Amamo compared nuclear power to renewable energy, in that nuclear can "deliver the steady supply of baseload electricity to power a modern economy," RTT News reported.
Director General of Rosatom State Nuclear Energy Corporation Sergei Kiriyenko also said at the conference that nuclear is an important factor in the world's energy supply and will likely continue to play an important role in the future.