Ever since the 1950s, plutonium, used in fas reactors, has been seen as the key to unlocking the vast energy resource contained in the the world's uranium reserves. However, the reductions in expected nuclear reactor installation rates, combined with discovery of additional uranium, have led to a lengthening in the perceived time interval before fast reactors, the most effective users of plutonium, will make large demands on plutonium supplies. THere are several options concerning its use or storage in the meantime.

In the course of producing electrical power in light water.reactors (LWRs), the uranium
fuel accumulates fission products until the fission process is no longer efficient for power
production. At that point the fuel is removed from the reactor and stored in water basins
to allow radioactivity to partially decay before further disposition. This fuel is referred
to as "spent fuel." Although spent fuel as At is discharged from a reactor is intensely
radioactive, it has been stored safely in moderate quantities for decades. Spent fuel could

How to dispose of highly radioactive wastes from commercial nuclear power plants is a question that has remained unresolved in the face rapidly changing technological, economic, and political requirements. In the three decades following WWII, two federal agencies -- the Atomic Energy Commission and the Energy Research and Development Administration -- tried unsuccessfully to develop a satisfactory plan for managing high level wastes.

Following the proposals for nuclear fuel assurance of International Atomic Energy
Agency (IAEA) Director General Mohamed El Baradei, former Russian President Vladimir V.
Putin, and U.S. President George W. Bush, joint committees of the Russian Academy of
Sciences (RAS) and the U.S. National Academies (NAS) were formed to address these and other
fuel assurance concepts and their links to nonproliferation goals. The joint committees also
addressed many technology issues relating to the fuel assurance concepts. This report provides