Rod Adams researched an update on the global fuel bank — an obvious, excellent idea. But an idea that is not popular in places like Iran that want to conceal nuclear arms programs behind a front of peaceful electric power generation.
A friend shared a link on Twitter to a BBC article and video titled International nuclear bank – helping world peace?. The article discusses the long history of the proposals to establish a fuel bank that can be placed in territory under the control of the International Atomic Energy Agency as a means of reassuring countries that they will have access to fuel if they decide to invest in building nuclear power plants.
The idea behind the concept is that this reassurance would dissuade countries from investing in a complete nuclear fuel cycle that includes enrichment or recycling capacity because the view of the world is that those technologies represent too much risk of nuclear weapons capability.
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