Despite a bad reputation, nuclear energy is becoming a source of alternative energy interest as we welcome a new era of “clean energy.” There are several exchange traded funds (ETFs) that could stand to outperform if nuclear energy winds up getting a role in fighting global warming.

Nuclear energy is becoming a clearer alternative energy source, however, the question remains on where to put the hazardous waste from the new proposed nuclear plants. The nuclear movement helps address the carbon dioxide problem contributing to global warming, and will help lessen the use of fossil fuels, reports Daniel Terdimen for CNET News.

The so-called cap-and-trade program proposed by President Barack Obama is not enough to offset carbon emissions, some feel. Although the energy bill is a start, there is no solid data on the legislation’s ultimate economic impact, reports The News & Advance.

The final bill that passed the House 219-212 did make passing reference to nuclear energy, but many claim the bill is sorely lacking a definitive role for nuclear energy. Conservation, wind generation, biomass generation and any other niche source of power simply will not meet the nation’s growing needs, some feel.

  • Market Vectors Nuclear Energy (NLR): up 5.6% year-to-date

  • PowerShares Global Nuclear Energy (PKN): up 8.8% year-to-date

  • iShares S&P Global Nuclear Energy Index (NUCL): up 17.8% year-to-date

For more stories about nuclear energy, visit our alternative energy category.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.