nuclear liability

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Third Party Liability for Nuclear Power Plant-operators 19 December 2007 Extent of disaster damages presentation at the “Roundtable on the impact of nuclear liability regimes on the EU energy market” Daniël Meijers Friends of the Earth Europe [email protected]

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19 December 2007, Brussels Daniël Meijers, Anti-nuclear Campaigner, FoEE Event: Roundtable on the impact of nuclear liability regimes on the EU energy market See background paper online at http://www.foeeurope.org/activities/Nuclear/pdf/2007/Face_your_demons.pdf

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Page 1: Nuclear liability

Third Party Liability forNuclear Power Plant-operators

19 December 2007

Extent of disaster damagespresentation at the

“Roundtable on the impact of nuclear liability regimes on the EU energy market”

Daniël MeijersFriends of the Earth [email protected]

Page 2: Nuclear liability

Third Party Liability forNuclear Power Plant-operators

146 nuclear reactors in Europe

Average lifespan: ~25 years

Core-melt accident frequency:once in 20,000 reactor years

Chance of a core melt accident occurring:

approximately: 20%

Page 3: Nuclear liability

A history of large losses

Page 4: Nuclear liability

AZF fertilizer factorySeptember 21st, 2001 – Toulouse, France

Insured loss: € 1,800 million

Page 5: Nuclear liability

Exxon-Valdez oil spillMarch 1989

Clean up: $ 2,500 millionFinancial compensation: $ 1,100 million

Page 6: Nuclear liability

September 11 Terrorist attacks

Insured loss: $ 20,700 million

Page 7: Nuclear liability

Hurricane KatrinaAugust 2005

Insured loss: $ 45,000 million

Page 8: Nuclear liability

Disaster damage estimates

Page 9: Nuclear liability

Severe Earthquake in California

Estimates of total direct economic loss are $93.8 - $122.4 billion(2006 estimate)

Page 10: Nuclear liability

Global Climate Change(by 2040)

Estimated insured damage:

$ 1 trillion(annually)

Page 11: Nuclear liability

Loss due to nuclear disaster

Page 12: Nuclear liability

Three Mile Island(1979)

Estimated damage:$ 1,000 million

Page 13: Nuclear liability

Chernobyl(1986)

Direct loss in the former Soviet Union: $ 15,000 million

Damage is estimated to accumulate to € 235,000 million for Ukraine and € 201,000 million for Belarus

Page 14: Nuclear liability

Current liability minimums

Page 15: Nuclear liability

Current liability minimums

Revised Paris and Vienna Conventions:(not yet into force)

Minimum Operator Liability: € 700 million

Page 16: Nuclear liability

Core Damage Loss Estimates

Third party damages:

€ 83,252 million - € 5,469,000 million(national insured minimum: € 700 million)

Worst Imaginable Accident

For every € 8,000 of civil damagesonly € 1.02 of compensation is required

from the nuclear operator

Page 17: Nuclear liability

Polluter-pays principle!

Currently, nuclear operators collect the profits of their nuclear power plants, but they shift the associated risk to the general public.

Every time operators pay an insurance fee which does not cover total possible damages, society invisibly pays the rest – invisibly, until a major accident happens.

Friends of the Earth Europe demands that operators of nuclear power plants take full (financial) responsibility for the risks they take when producing nuclear energy.