Nuclear power plants in the U.S. pay a fee for waste disposal. Those fees have accumulated in a fund, currently amounting to over $30 billion. The money was going to go to Yucca Mountain, until that project was shut down.
The long-lived fission products are a very small portion of the total waste, and if we only had fission products to worry about, the total waste would go back to the radioactivity of the original ore within three centuries or so, since most fission products are relatively short-lived. It's pretty easy to contain them for that long.
The great majority of the total waste, and almost all the long-lived waste, is transuranics. Those can also be considered unspent fuel, and fissioned for energy in fast reactors or with neutrons from D-T fusion reactors. The Russians have a couple fast reactors in commercial operation, one of which has provided 560MWe to their power grid since 1980. They're working now on using them to process transuranic waste.
I really hope it's more than £30bn. No-one seems to know how much it costs to decommission one, but a link above says "range from $280-$612 million." Ouch.
I'm talking about the fund for long-term waste storage. Operators pay for decommissioning themselves in most countries, and about 90 commercial nuclear plants plus various other reactors have been shut down, with 15 fully dismantled. Once the fuel is removed, the remaining radioactivity has a short half-life. http://www.world-nuclear.org/info/Nuclear-Fuel-Cycle/Nuclear...
The long-lived fission products are a very small portion of the total waste, and if we only had fission products to worry about, the total waste would go back to the radioactivity of the original ore within three centuries or so, since most fission products are relatively short-lived. It's pretty easy to contain them for that long.
The great majority of the total waste, and almost all the long-lived waste, is transuranics. Those can also be considered unspent fuel, and fissioned for energy in fast reactors or with neutrons from D-T fusion reactors. The Russians have a couple fast reactors in commercial operation, one of which has provided 560MWe to their power grid since 1980. They're working now on using them to process transuranic waste.