Following the Nuclear Fuel Cycle Royal Commission findings being presented to the Governor recently, CEDA welcomes Commissioner Kevin Scare to detail the findings in addition to key business, industry and community leaders discussing their responses to the findings.
Event overview
Nuclear Fuel Cycle Royal Commission was established by the South Australian Government in March 2015 to undertake an independent and comprehensive investigation into the potential for increasing our participation in the nuclear fuel cycle. The findings were delivered to the Governor last week.
The report has found that South Australia can safely increase its participation in nuclear activities. Chief among the Commission’s key recommendations is that the State Government undertake work to further investigate the feasibility of the storage and disposal of international used nuclear fuel and intermediate level waste in this state.
The Commission’s recommendations address the opportunities that might arise from becoming more involved in the nuclear fuel cycle and identify the next steps that the South Australian Government might take to pursue those benefits, should there be social consent to do so. Viability analysis undertaken for the Commission determined, on conservative estimates, that a waste disposal facility could generate $257 billion in total revenue, with costs of $145 billion over the 120-year life of the project, including a $32 billion reserve fund for facility closure and ongoing monitoring. The Commission considers that this could be achieved safely.
The findings mark the beginning of a new series of conversations with the community that address their questions and concerns, and ultimately enable decisions to be made by the people of South Australia.
Join CEDA as we begin the conversation.