muso wrote on Apr 27
th, 2012 at 6:41am:
Thorium based nuclear power is the go. Australia has something like 30% of the world's reserves of Thorium. It offers more advantages in terms of reduced nuclear waste, and some technologies can be used to consume nuclear waste. It's still a finite resource, but it has its place in the mid term.
I'm not opposed to nuclear per se (I think it has significant obstacles though that I'm not sure can be overcome) the case for thorium reactors has been wildly overstated over the last few years. While they sound good in theory the reality of the matter is that in over forty years no-one has managed to build a commercially viable thorium programme, and not for want of trying - Japan just gave up on theirs recently after 30 years of research. They said that it still has potential and, maybe, in another thirty years might prove viable, but they've already sunk billions into what has proved to be a very costly white elephant.
The UK Nuclear Laboratory commissioned a report into the feasibility of thorium a few years ago and found that it just wasn't commercially viable and that it would take at least fifteen years of effort and investment before the thorium cycle could be incorporated into
existing infrastructure, much less somewhere like here in Australia where we don't have any existing infrastructure:
Can't post links but if you Google "uk nuclear laboratory report thorium" it's the first search result.