12.07.2015 Views

What history can teach us about the future costs of U.S. nuclear ...

What history can teach us about the future costs of U.S. nuclear ...

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<strong>What</strong> <strong>history</strong> <strong>can</strong> <strong>teach</strong> <strong>us</strong> <strong>about</strong> <strong>the</strong> <strong>future</strong> <strong>costs</strong> <strong>of</strong> U.S. <strong>nuclear</strong> power<strong>of</strong> internalizing <strong>costs</strong> for energy generation is not new, implementation <strong>of</strong> <strong>the</strong> idealags. A carbon tax provides one approach to this problem; assessing appropriatelevies on energy sources that incur security <strong>costs</strong> to society remains a policychallenge that deserves additional scrutiny.• Understand and make explicit <strong>the</strong> extent <strong>of</strong> public subsidy to <strong>nuclear</strong> power in <strong>the</strong>form <strong>of</strong> risk sharing (46). Currently, U.S. law insures any catastrophic losses inexcess <strong>of</strong> $10.2 billion due to <strong>nuclear</strong> accidents (47). The economic and financialrisks <strong>of</strong> <strong>nuclear</strong> incidents—at reactors, in transport, and in long-term storage—should be included in calculations comparing Gen IV plants against o<strong>the</strong>rtechnologies, some <strong>of</strong> which enjoy o<strong>the</strong>r forms <strong>of</strong> public subsidy.9

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