Risk and Responsibility Sharing in Nuclear Spent Fuel Management

Guillaume De Roo

Working Papers from Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research

Abstract: With the Nuclear Waste Policy Act of 1982, the responsibility of American utilities in the long-term management of spent nuclear fuel was limited to the payment of a fee. This narrow involvement did not result in faster or safer development of a solution for commercial nuclear waste. In most other countries, the financial liability and practical involvement of utilities appear more extensive. This paper highlights how such differences in institutional frameworks affect risk sharing and economic incentives. It argues that a greater allocation of risk and responsibility to the utilities should reenter the debate over nuclear waste in the US.

Date: 2010-06
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