Nuclear is expensive with a $200 million liability cap for accidents. By comparison, that's roughly 0.2-0.5% of what the total cost of dealing with Fukushima will cost.
If we think it's over-regulated the first regulation that should go should be that $200 million liability cap.
Then perhaps private insurers can decide for themselves what level of safety is required to protect them from a potential $1 trillion cleanup cost they'd be on the hook for.
If the nuclear industry can convince them it's worth it at all, that is.
If we think it's over-regulated the first regulation that should go should be that $200 million liability cap.
Then perhaps private insurers can decide for themselves what level of safety is required to protect them from a potential $1 trillion cleanup cost they'd be on the hook for.
If the nuclear industry can convince them it's worth it at all, that is.