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The True Cost of Disaster Insurance Makes Nuclear Power Uncompetitive

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Fukushima_Daiichi_plantThe European Commission is assessing how it should augment its nuclear disaster insurance. Ingmar Schumacher calls for full transparency of insurance costs in the cost-benefit evaluation of the nuclear industry.

The continuing nuclear disaster at Fukushima has concentrated minds on the risks of nuclear catastrope in Europe - all the more so as estimates of Fukushima's cost rise towards a giddying US$500 billion.

And so it is that the European Commission is considering whether, and how, it should amend the insurance of nuclear power plants on European territory. In the event of the unthinkable taking place in a European reactor, who will pay the cost?


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