Mr. President, I rise today to express my agreement with President Bush's belief that our country's security depends in large part on a diverse energy portfolio, one that is not overly reliant on any one energy source, especially sources…
Mr. President, I rise today to express my agreement with President Bush's belief that our country's security depends in large part on a diverse energy portfolio, one that is not overly reliant on any one energy source, especially sources of foreign origin. I agree with the President that this country is overly dependent on foreign oil. Consistent with that belief, the Bush administration has just announced a potentially far-reaching energy program known as the Global Nuclear Energy Partnership or GNEP. This program provides a wide- reaching, long-term plan for establishing a robust and sustainable future for nuclear energy in this country and abroad.
The Global Nuclear Energy Partnership promises to provide abundant energy, without emitting greenhouse gases; to recycle used nuclear fuel in order to minimize waste; to safely and securely allow developing nations to deploy nuclear power to meet their energy needs, while reducing proliferation risks; to assure maximum energy recovery from still-valuable used nuclear fuel; and to allow the U.S. to rely on a single geologic waste repository for the rest of this century.
Nuclear energy currently provides about 20 percent of this Nation's electricity, and does so without emitting any carbon, greenhouse gases, or other air pollutants. All the waste generated by commercial nuclear powerplants is securely managed and destined for safe, permanent disposal in a geologic repository.
However, according to current law, that repository can contain only slightly more than the amount of waste already stored at existing reactor sites. Even if the law is changed, the repository at Yucca Mountain can only accommodate about the amount of spent nuclear fuel that will be generated by the existing reactors in this country over their lifetimes. If nuclear power is to have a future in this country, even to maintain its current 20 percent share of electricity generation, either a second repository will need to be developed soon-- with many more to follow--or an alternative means of managing this waste is needed.
After a single use, spent nuclear fuel retains more than 95 percent of its energy potential. That energy potential could be tapped by reprocessing the spent fuel, recycling the useable part and disposing of the rest as waste, which makes up only about 3-4 percent of the spent fuel. This could substantially reduce the amount of long-lived nuclear waste requiring burial in a geologic repository, and could extend the lifetime of the Yucca Mountain repository many fold.
But efforts to recycle spent fuel were abandoned in this country back in the 1970s, largely because of concerns about nuclear proliferation. Those concerns stemmed from the fact that, at that time, the method used to recycle spent fuel, the ``PUREX'' process, separated out pure plutonium, which might be used to construct a nuclear bomb.
During the 30-plus years since then, the U.S. has--through research at its National Laboratories--made considerable progress in developing new methods for reprocessing spent fuel that are much less prone to proliferation risks, because they do not separate out pure plutonium, but keep it mixed with other actinides. This mixture is not readily used for nuclear weapons.
Reintroducing recycling into this country's strategy for managing spent fuel is a major change in policy, and one that deserves serious discussion. That discussion should be based on fact and not emotion; should address current technologies, not those from more than a generation ago; and should consider reasonable alternatives to maintaining nuclear energy as a viable part of our Nation's energy supply.
And what reasonable alternatives are there? Total electricity consumption in the U.S. is projected to increase by about 40 percent by 2025. Wind and solar energy cannot provide large-scale, base-load electricity, because they are intermittent energy sources. Hydro provides about 10 percent of our electricity right now, but building new
dams to fully accommodate the increased demand is not possible. Relying solely on fossil fuels to make up the difference is environmentally irresponsible, and with the price of natural gas increasing dramatically, less economically appealing. Nuclear energy is the most environmentally sound technology capable of adequately meeting such increased demand. But even simply maintaining the current share of electricity generation provided by nuclear energy will require constructing many new nuclear powerplants in this country.
So should we continue to push for opening Yucca Mountain to begin accepting waste as soon as possible? The answer is clearly yes. Electric utilities demand confidence that spent fuel will be managed responsibly if they are going to continue to build new nuclearpower plants in the U.S.
But can we build many more Yucca Mountains to accommodate the additional waste? I think the answer is clearly no.
Still, new nuclear powerplants are being planned--and not only in this country, which has not ordered a new nuclear plant in 30 years, but around the world. China, Russia, several European countries, and others are planning--or building--new nuclear powerplants. Somewhere between 100 and 150 new nuclear plants are likely to be built in the next 20 years or so. In fact, the U.S., despite having pioneered nuclear power, risks falling far behind in this home-grown technology.
Furthermore, the growth in nuclear power worldwide, while avoiding the potential environmental impact of a similar number of fossil-fuel powerplants, raises serious concerns about nuclear proliferation. An increasing number of countries are interested in developing nuclear power, and in some cases, developing or acquiring technologies that could lead to their ability to produce nuclear weapons. North Korea and Iran constantly remind us of the potential danger.
Therefore, the U.S. and other responsible nuclear-capable countries need to work together to help developing countries acquire clean, affordable energy, but not the means to develop nuclear weapons.
And this is another farsighted goal of the Global Nuclear Energy Partnership. Through GNEP, this administration proposes to work with international partners to help developing nations deploy proliferation- resistant and emission-free nuclear energy by developing international fuel services and small-scale modular reactors.
Finally, if this country is to eventually wean itself off its dependence on foreign oil and gas, we need to develop a clean-burning fuel for transportation. In fact, even if nuclear power replaced all the fossil-fueled powerplants in this country, it would make little impact on our oil use. We would still need to import about 70 percent of our oil for transportation.
This need to reduce our dependence on foreign oil, in addition to reducing carbon emissions, was the impetus for President Bush to propose his Hydrogen Initiative in the 2001 State of the Union, and he has restated his convictions in all subsequent State of the Union addresses.
Consistent with President Bush's vision, we must continue our efforts to make the transition to a hydrogen-based economy, and we need to generate that hydrogen by using environmentally responsible technologies. Nuclear energy provides one such technology with high- temperature reactors such as the Next Generation Nuclear Plant that will be able to produce market-competitive hydrogen.
Nuclear power has the potential to provide clean, affordable, and emission-free electricity to an increasingly energy-hungry world, and the next generation of nuclear plants will produce fuel for transportation in an increasingly oil-starved world.
Access to affordable energy is crucial for improved quality of life and overall economic prosperity. The Global Nuclear Energy Partnership promises to increase energy security, both here in the United States and abroad. It will encourage environmentally responsible energy development around the world, and will provide that energy with minimal impact on the environment. I congratulate our President for his vision and commitment to helping make all this possible.