TITLE

Sans Insurance, a Nuclear Meltdown Can Become a Financial Meltdown

AUTHOR(S)
Wellen, Russ
PUB. DATE
May 2011
SOURCE
Foreign Policy in Focus;5/18/2011, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the financial effect of the Fukushima disaster in Japan. It indicates how Japan's Fukushima disaster highlights the key weakness of the nuclear energy industry where nuclear power is a viable source of cheap energy only if it is uninsured. It points out that liability risks resulting from radiation accidents are covered by the state with the private insurance industry barely liable for such accidents. It notes that the cost of full insurance for power plants are so high and makes nuclear energy more expensive than fossil fuels.
ACCESSION #
60738948

 

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