Australian news, and some related international items

Another “Your Say” comment on Economics of Nuclear Waste Importing

Noel Wauchope 30 Oct 2016

It’s a pity that this radioactive trash import plan has not been knocked out on grounds of risks to health, damage to environment, disrespect of Aboriginal people, and importantly – on its real purpose – to save and promote the global nuclear industry.

At least the Nuclear Fuel Chain Royal Commission South Australia had to admit that there is no argument for nuclear waste importing actually benefiting the Nation’ or the State’s health, environment, or indigenous people.

Royal Commission bubble burstThe Nuclear Fuel Chain Royal Commission had only one argument for the plan – that it would be an economic bonanza for South Australia. I could list the economic analysts who have destroyed that argument. But the well known Blind Freddie could see the economic flaws. South Australia is supposed to set up “interim” waste storage before the famous underground dump is built, – sort of using the money that will be paid for the dump to finance it – or some plan like that. South Australia has to spend $millions on the plan, for years before it gets any revenue. The planned revenue is entirely speculative, as there is no market for nuclear waste importing. If it goes ahead – any financial benefit will be decades away, yet South Australia needs economic development now, not decades later. If it were to go ahead, it could grind to a halt at any time – with changes in governments overseas, collapse of nuclear companies or untoward events, such as a disaster in the transport of the wastes. South Australia could well be left with expensive, dangerous, and useless Stranded Radioactive Trash.

Meanwhile, other clean, and quicker alternatives – in renewable energy, energy efficient design for example, have been neglected while South Australia pursues this toxic dream – which has the very real potential to bankrupt the state.

October 30, 2016 - Posted by | Nuclear Citizens Jury

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