200 nuclear reactors across the world are scheduled to be decommissioned by 2040. The International Energy Agency is estimating more than $100 billion in total costs, with “considerable uncertainties.” With the recent shutdown of the San Onofre Nuclear Plant, the world can begin to get an accurate estimate of the cost of shutting down an individual reactor. The entire process should cost around $4.4 billion, and includes waste disposal, whereas the IEA report does not.
With the exception of immediate threats to the environment or the surrounding populace, it seems rushed to decommission all these nuclear power plants in such a short period of time. Based off San Onofre, there are extreme costs associated with safely disassembling these plants, and that is without considering the drop in power supply or waste storage. On the other hand, decommissioning so many plants so quickly dramatically increases the need for a permanent waste storage, which could spark more innovation and solutions.