8 Minerals Council of Australia The Australian Safeguards and NonProliferation Offce enforces Australias strict uranium export policies that ensure Australian uranium is only employed for peaceful nonexplosive purposes complying with International Atomic Energy Agency safeguards Ensuring that the Australian uranium regulatory environment is worlds best practice and growing Australias share of the global market to at least 30 per cent will maximise the value of the countrys uranium resource endowment to the Australian people Having Australia play a larger role in the global nuclear economy will see greater economic b e n e f t t o both Australia and its trading partners In a world where nuclear power grows to 166 per cent share of global electricity capacity and Australian uranium grows to 30 per cent of global production Australian uranium would be fuelling approximately 5 per cent of global electricity capacity with near zero carbon emissions Uranium cannot in itself generate the levels of wealth and economic activity as coal or iron ore but as part of a welldiversifed portfolio of economic activity it can and will provide employment opportunities to thousands of Australians often in rural and remote areas it can generate returns to shareholders and revenue to government while providing low emissions electricity to millions of people around the world In a world wher e nuclear power gr ows to 166 per cent shar e of global electricity capacity and Australian uranium gr ows to 30 per cent of global pr oduction Australian uranium would be fuelling appr oximately 5 per cent of global electricity capacity with near zer o carbon emissions