This is from the front page of today’s Advertiser. I have my own points of view about how this process should proceed, however it is very encouraging to see the business community taking this clear stand. It should make for an interesting year.
URANIUM enrichment or radioactive-waste storage should be trialled in South Australia this year and the economic potential of the nuclear industry should not be ignored, the state’s peak business group says.
In an appeal to political leaders before the state election, Business SA says it is time to act on developing one of the state’s global economic advantages by beginning a pilot program.
“SA can no longer ignore the significant economic potential of uranium and we should be mature enough to have an informed public debate on the pros and cons of developing a nuclear industry,” the group says.
“From its pre-election survey, Business SA found that 79 per cent of respondents were in favour of a mature government-led debate on the costs and benefits of value adding to SA’s vast uranium reserves.”
Business SA has long advocated consideration of a nuclear industry but its election document – A Charter for a More Prosperous SA – makes its strongest stand yet.
It says the risks posed to the state economy by the impending closure of carmaker Holden add urgency to the issue and all opportunities for job creation must be explored.
It is especially pleasing to see a level of awareness of fast reactor technology has been developed. This is from the Business SA document.
The high capital costs involved in building nuclear power reactors have resulted in them being considered largely uneconomic in Australia, particularly with the ample supply of low-cost coal available. Nuclear energy is generally considered cost competitive to most renewable energy sources. However, with fourth-generation “fast” nuclear plants, which are far more efficient than most plants currently in operation, nuclear energy becomes more
competitive and generates far less waste.