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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_address]
Third Party Liability for Nuclear Power Plant-operators ,[object Object],[object Object],[object Object],[object Object],[object Object]
A history of large losses
AZF fertilizer factory September 21 st , 2001 – Toulouse, France ,[object Object]
Exxon-Valdez oil spill March 1989 ,[object Object],[object Object]
September 11 Terrorist attacks ,[object Object]
Hurricane Katrina August 2005 ,[object Object]
Disaster damage  estimates
Severe Earthquake in California Estimates of total direct economic loss are $93.8 - $122.4 billion (2006 estimate)
Global Climate Change (by 2040) ,[object Object]
Loss due to nuclear disaster
Three Mile Island (1979) ,[object Object]
Chernobyl (1986) ,[object Object],D amage  is estimated to  accumulate to € 235,000 million for Ukraine and € 201,000 million for Belarus
Current liability minimums
Current liability minimums Revised Paris and Vienna Conventions: (not yet into force) Minimum Operator Liability: € 700 million
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 damages only € 1.02 of compensation is required from the nuclear operator
Polluter-pays principle! ,[object Object],[object Object],[object Object]

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Nuclear liability

  • 1. 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_address]
  • 2.
  • 3. A history of large losses
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Disaster damage estimates
  • 9. Severe Earthquake in California Estimates of total direct economic loss are $93.8 - $122.4 billion (2006 estimate)
  • 10.
  • 11. Loss due to nuclear disaster
  • 12.
  • 13.
  • 15. Current liability minimums Revised Paris and Vienna Conventions: (not yet into force) Minimum Operator Liability: € 700 million
  • 16. 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 damages only € 1.02 of compensation is required from the nuclear operator
  • 17.