A nuclear fuel bank is a proposed approach to provide countries access to enriched nuclear fuel, without the need for them to possess enrichment technology. The basic concept is that countries who do have enrichment technology would donate enriched fuel to a "bank", from which countries not possessing enrichment technology would obtain fuel for their power reactors.
The concept of providing an assured supply of nuclear fuel and thus avoiding the need for countries to build indigenous nuclear fuel production capability has long been proposed as a way to curb the proliferation of nuclear weapons and, eventually, eliminate them altogether. Austria, Russia, the European Union, the United States, and others have supported various concepts of an international fuel bank. Many non-nuclear-weapon states have been reluctant to embrace any of these proposals for varying reasons.
Read more about Nuclear Fuel Bank: Overview, Proposals, Recent Developments
Famous quotes containing the words nuclear, fuel and/or bank:
“The emotional security and political stability in this country entitle us to be a nuclear power.”
—Ronald, Sir Mason (b. 1930)
“Beware the/easy griefs, that fool and fuel nothing./It is too easy to cry “AFRIKA!”/and shock thy street,/and purse thy mouth,/and go home to thy “Gunsmoke,” to/thy “Gilligan’s Island” and the NFL.”
—Gwendolyn Brooks (b. 1917)
“That strain again, it had a dying fall;
O, it came o’er my ear like the sweet sound
That breathes upon a bank of violets,
Stealing and giving odor. Enough, no more,
‘Tis not so sweet now as it was before.”
—William Shakespeare (1564–1616)