The Hidden Role of Civil Liability in the Electronuclear Industry: Accident Costs, Insurance and Industrial Organization

Gerard Mondello

Chapter 17 in Handbook of Energy Finance:Theories, Practices and Simulations, 2020, pp 395-426 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter mainly deals with the internalization process of accidents and pollution risk of nuclear energy through the setting of the nuclear third-party liability. The international treaties governing this liability regime favor a capped strict liability exclusively “channeled” through the operator. This responsibility increasingly concerns private companies. Indeed, since the end of the last century, the electronuclear energy has undergone full or partial privatization process. The underlying question bears on the compliance of the liberalization tendency with safety and care. Through a literature review, this chapter’s main concern is about the research on a specific industrial organization that would optimize the safety level of electronuclear parks.

Keywords: Energy Finance; Financial and Economic Modeling; Volatility; Forecasting; Quantitative Finance; Energy Markets (search for similar items in EconPapers)
JEL-codes: G20 G32 Q40 (search for similar items in EconPapers)
Date: 2020
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Working Paper: The Hidden Role of Civil Liability in the Electronuclear Industry: Accident Costs, Insurance and Industrial Organization (2020)
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