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The true FINANCIAL COSTS of nuclear power

The “front end”, the “central” and the “back end” The nuclear lobby has successfully confined discussion of nuclear power costs to the “central” cost of building nuclear reactors. Even anti-nuclear activists concentrate on this.

But – what about the Hidden Costs? – at the “Front end” and the “Back end”

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The Front end” – Uranium mining.– Who pays for the perpetual cleanup of radioactive tailings from uranium mining and milling? (e.g. uranium tailings mountain above) Who pays for the care of miners and community members afflicted by cancer from this radiation? How much money is lost to the community from the shortened work-life of these cancer victims, and of their family carers.? The loss of valuable land for agriculture? The loss of fresh water, now polluted?
Even where governments recognise that there is a cost for uranium mine cleanup – well, (A) the mining company has long disappeared, and (B) – not all affected areas are even recognised.:
“Abandoned Mine Lands Cost In 1998, DOE testified to congress that it would cost approximately $2.3 billion (in 1998 dollar value) to clean up the uranium ore processing facilities nationwide under UMTRCA. Because there are other uranium mines and overburden sites not included in this estimate, the total cost of uranium site cleanup is expected to be much higher than this limited estimate.”

The “Back end” – Dead nuclear reactors, and nuclear waste
“Decommissioning” – i.e burying the body of the radioactive dead nuclear reactor. – As decommissioning expenses will be incurred long after the plant is established, decommissioning costs represent a future financial liability.“In France, decommissioning of Brennilis Nuclear Power Plant, a fairly small 70 MW power plant, already cost 480 million euros (20x the estimate costs) and is still pending after 20 years….n the UK, decommissioning of Windscale Advanced Cooled Reactor (WAGR), a 32 MW power plant, cost 117 million euros.In Germany, decommissioning of Niederaichbach nuclear power plant, a 100MW power plant, amounted to more than 90 million euros.
Lack of Decommissioning Funds In Europe there is considerable concern on the funds necessary to finance final decommissioning. In many countries either the funds do not appear sufficient to pay the financial decommissioning, and in other countries the (substantial) funds are being used (too) freely for activities other than decommissioning, putting the funds at risk, and distorting competition with parties who do not have nuclear decommissioning funds available”.

Nuclear waste transport, disposal, and security. Even if no new reactors are built, getting rid of the country’s nuclear waste will cost $96.2 billion and require a major expansion of the planned Nevada waste dump beyond limits imposed by Congress, the Energy Department said Tuesday……….The $96.2 billion — in 2007 dollars not accounting for future inflation — includes $13.5 billion already spent on the Yucca project, $54.8 billion for construction and operation over 150 years and closing costs anticipated in 2113. … Report: Nuclear waste disposal will cost US $96B – USATODAY.com150 years! But who pays for the maintenance and security of those wastes for the next several thousand years?
Security: Radioactive wastes must be kept secure – from accidents, natural events, terrorists. Who pays for this guarding of nuclear wastes over thousands of years?

– from nuclear-news.net

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