Nuclear financial risk economy-wide costs of reactor accidents

Heising, Carolyn D.; George, Varghese P.

doi:10.1016/0301-4215(86)90088-1

Cited by 7 publications

(2 citation statements)

References 2 publications

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“…Despite the fact that not one person died at TMI. and few if any latent cancer fatalities are expected, no other accident in ou r history has produced such costly societal impacts (91,92). In addition to its impact on the utility that owned and operated the plant, it also imposed enormous costs on the nuclear industry and on society.…”

Section: Weinberg This Volume)mentioning

confidence: 99%

Institutional Aspects Of The Future Development Of Nuclear Power

Hohenemser¹

1990

Annual Review of Energy and the Environment

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Nuclear power currently accounts for 421 plants in 26 countries with a rated power output of 312 Gigawatts (GWe), or �16% of the world's electricity generating capacity (1, 2). As of 1989, there were 110 plants in the United States with full operating licenses, accounting for 97 GWe, or � 18% of generating capacity. After coal, nuclear is the largest contributor to US electric supply (Figure 1), even though nuclear contributes only �5% of all US energy (2).An additional 15 plants are under construction in the United States but none are on order, while more than 100 plants have been cancelled (2). France, with more than 70% of its electricity from nuclear energy (Figure 2), con tinues to lead the world in percent of electricity supplied by nuclear power (2).According to nuclear power analyst and proponent J. J. Taylor (3) "this tremendous block of power has been delivered, on the average, with greater safety, with less environmental impact, and at less cost than most prevailing 173

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Section: Weinberg This Volume)mentioning

confidence: 99%

Institutional Aspects Of The Future Development Of Nuclear Power

Hohenemser¹

1990

Annual Review of Energy and the Environment

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“…The accident at TMI devastated the utility that owned and operated the plant. It also imposed enormous costs (estimated at $500 billion by one source) on the nuclear industry and on society, through stricter regulation (resulting in increased construction and operating costs), reduced operation of reactors worldwide, greater public opposition to nuclear power, and reliance on more expensive energy sources (EPRI Journal, 1980;Evans & Hope, 1984;Heising & George, 1986). It may even have led to a more hostile view of other complex technologies, such as chemical manufacturing and genetic engineering.…”

Section: Early Theories Of Impactmentioning

confidence: 99%

Ripples in a Pond: Forecasting Industrial Crises

Slovic

1987

Industrial Crisis Quarterly

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Accidents, discoveries of pollution, safety violations, product tampering epi sodes and other "unfortunate events" occurring within complex industrial systems can be conceptualised as pebbles dropped in a pond. The impacts of such events ripple outward, encompassing first the directly affected victims and property, then the responsible company or agency, and—in the extreme—engulfing other companies, agencies, and industries. Some events make only small ripples; others make large ones, often labelled "in dustrial crises". This paper explores characteristics of unfortunate events and the ways they are managed that affect the breadth and seriousness of the resulting impacts. In doing so, we point toward the development of models that may help companies forecast and avoid industrial crises.

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A Risk Communication Perspective on an Integrated Waste Management Strategy

Slovic¹

1990

Integrating Insurance and Risk Management for Hazardous Wastes

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Nuclear financial risk economy-wide costs of reactor accidents

Cited by 7 publications

References 2 publications

Institutional Aspects Of The Future Development Of Nuclear Power

Institutional Aspects Of The Future Development Of Nuclear Power

Ripples in a Pond: Forecasting Industrial Crises

A Risk Communication Perspective on an Integrated Waste Management Strategy

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