Article Highlights
The Price-Anderson Act and international treaties unfairly shift the huge liabilities of nuclear accidents from plant operators to governments and the public, creating a “moral hazard” that encourages unsafe and uneconomic practices.
Over many decades, regulators have failed to create a system of rules that can substitute for the market discipline of private insurance and ensure safe nuclear plant operations.
The Fukushima disaster creates an opportunity to phase out current liability regimes, so operators seeking new nuclear licenses have to acquire insurance or otherwise bear the full liability for nuclear accidents.Continue reading at Nuclear liability: The market-based, post-Fukushima case for ending Price-Anderson
