PowerSwitch Main Page
PowerSwitch
The UK's Peak Oil Discussion Forum & Community
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

How's your German?

 
Post new topic   Reply to topic    PowerSwitch Forum Index -> Nuclear Power
View previous topic :: View next topic  
Author Message
RenewableCandy



Joined: 12 Sep 2007
Posts: 12469
Location: York

PostPosted: Wed May 11, 2011 6:12 pm    Post subject: How's your German? Reply with quote

Original article from Der Spargel(sp) on how much it would really cost to insure nuclear power infrastructure: http://www.spiegel.de/wirtschaft/soziales/0,1518,761826,00.html#ref=nldt

Quote:
Diese Studie dürfte der Atomlobby gar nicht gefallen. Erstmals haben Forscher der Finanzbranche untersucht, wie teuer eine Haftpflichtversicherung für ein Kernkraftwerk wäre. Das Ergebnis: Es geht um zig Milliarden Euro - und am Ende zahlt der Bürger.

And even so, the Burgers pay in the end Sad
_________________
Soyez réaliste. Demandez l'impossible.
The Price of Time
BLOG


Last edited by RenewableCandy on Thu May 12, 2011 4:35 pm; edited 1 time in total
Back to top
View user's profile Send private message
energy-village



Joined: 22 Apr 2008
Posts: 1054
Location: Yorkshire, UK

PostPosted: Wed May 11, 2011 6:44 pm    Post subject: Re: How's your German? Reply with quote

RenewableCandy wrote:
Quote:
Diese Studie dürfte der Atomlobby gar nicht gefallen. Erstmals haben Forscher der Finanzbranche untersucht, wie teuer eine Haftpflichtversicherung für ein Kernkraftwerk wäre. Das Ergebnis: Es geht um zig Milliarden Euro - und am Ende zahlt der Bürger.


My German is only as good as Babelfish, alas.

Quote:
This study might not please the atomic lobby at all. For the first time researchers of the financial sector examined, how expensive a liability insurance for a nuclear power station would be. The result: The citizen goes around zig billion euro and at the end pays.


Zig billion sounds a lot!

I assume it'll be privatised profits, nationalised losses - as usual.
Back to top
View user's profile Send private message
JohnB



Joined: 22 May 2006
Posts: 6457
Location: Beautiful sunny West Wales!

PostPosted: Wed May 11, 2011 7:32 pm    Post subject: Reply with quote

Try Google

Quote:
This study will appeal not the nuclear lobby. For the first time researchers have examined the financial sector, how much liability insurance for a nuclear power plant would be. The result: it is about tens of billions of € - and ultimately paid by the citizens.

_________________
John

Eco-Hamlets UK - Small sustainable neighbourhoods
Back to top
View user's profile Send private message
Ludwig



Joined: 08 Jul 2008
Posts: 3849
Location: Cambridgeshire

PostPosted: Thu May 12, 2011 10:47 pm    Post subject: Re: How's your German? Reply with quote

RenewableCandy wrote:
Original article from Der Spargel(sp) on how much it would really cost to insure nuclear power infrastructure: http://www.spiegel.de/wirtschaft/soziales/0,1518,761826,00.html#ref=nldt

Quote:
Diese Studie dürfte der Atomlobby gar nicht gefallen. Erstmals haben Forscher der Finanzbranche untersucht, wie teuer eine Haftpflichtversicherung für ein Kernkraftwerk wäre. Das Ergebnis: Es geht um zig Milliarden Euro - und am Ende zahlt der Bürger.

And even so, the Burgers pay in the end Sad

As it happens I've just passed the Diploma in Translation for German to English Smile

However, unless someone will cough up some cash, I'm afraid I'm too tired and busy to translate this article right now - sorry.
_________________
"We're just waiting, looking skyward as the days go down / Someone promised there'd be answers if we stayed around."
Back to top
View user's profile Send private message
biffvernon



Joined: 24 Nov 2005
Posts: 18551
Location: Lincolnshire

PostPosted: Thu May 12, 2011 10:55 pm    Post subject: Reply with quote

I've a diploma in clicking the Google Translate button.
Quote:
Hamburg - Mark Rosenbaum has published a study on this Wednesday, which should make for a stir. Rosenbaum is director of insurance forums Leipzig GmbH, a service provider for more than a hundred companies in the insurance industry prepares studies. Often it is about the costs and rewards of business models in the insurance industry. Rosenbaum's latest study is a political issue: It deals with the question of whether nuclear power stations are uninsurable - and who cost of a possible meltdown in Germany with the.


It is the first time that researchers open from the insurance industry itself this bill. Creates the study on behalf of the Association of Renewable Energy (BEE) was.
"To anticipate the answer: nuclear power plants are not insurable," says Rosenbaum. The costs are so astronomical that no insurer would take on ever. But the company, the remains a problem: Because the cost of energy companies were much higher for an individual, must be the worst case the taxpayer step in the. Just as the Japanese Kraftwerk Fukushima .

In Germany, this is doubly problematic. Because the costs are imposed on society that does not want to wear it: Polls show that about 70 percent of citizens are against nuclear energy.

Maximum damage of 6000 billion euros

How enormous social pressures are indicated, since Monday in Japan: Tepco, the operator of nuclear ruin Fukushima, officially requested state assistance . Alone for the current fiscal year required the company around 8.6 billion euros. Without state help the energy giant would soon be on the brink of - what the whole country would endanger the power supply. Analysts estimate the due compensation for the nuclear accident is now 86 billion euros. After-effects not yet included.

"In fact, probably the misfortune of Fukushima are much more expensive," suspects Rosenbaum. Thus, the investigations of the insurance forums Leipzig showed that reactor accidents, even decades after the actual accident cause enormous costs. Account will be among other things:

Expenditure for the care of people who develop cancer,
Compensation for relatives of accident victims
Costs for the removal of natural damage and drinking water contamination and the restoration of infrastructure,
Compensation payments for production losses and economic damage.
A four-member team of scientists from Rosenbaum's company has attempted to quantify the total cost, which should take into account an insurer to insure a nuclear power plant. They rely on about ten surveys were made in the past few decades on this issue. Their calculations, they have cross-checked, correlated and also done their own calculations.

Overall, the insurance professionals come to an expected maximum loss of about 6,000 billion euros. To ensure a worst-case scenario, this amount would initially be available. The money would have to be only accumulated, for example through levies on electricity prices.

Nuclear power plant operators have only three billion euros available reserves

Currently, nuclear power costs in the production of about two cents per kilowatt hour. If one were to raise the cost of insurance for ten years, premiums of just under four euros per kilowatt-hour would be necessary. And even if one stretches the cost of insurance for 50 years, the premiums have been even more in over half a euro. Such costs could not expect consumers.

The conclusion of the scientists is this: nuclear power is not insurable. No wonder that there is still no German insurance company for this potential business was interested.

The study has several horses feet, you should designate:

So one must consider who was the contracting authority: The Federal Association for Renewable Energy is a lobbying group fighting against nuclear power and has an interest in making public opinion against this type of energy.
Similarly, one can critically examine the method of calculation of insurance forums Leipzig: Finally, they set the maximum cost of a worst-case scenario to just 1-1 on the current price. It does not matter at first that a worst-case scenario - or an event that can trigger such a - statistically speaking, only very rarely occurs.
One should also note that the insurance model that is applied, is not typical: for liability insurance is usually capped at the top - not the accepted nuclear insurance.
The argument that the costs of a nuclear disaster for a society are portable, but still correct. Because it would cost insurers already unprofitable to insure only a fraction of the maximum amount of damage. German energy companies themselves but have only made provisions amounting to about three billion euros - which would never reach in an emergency.

In the end, with the cost of the citizens. Fukushima and has shown that a meltdown is not just a stochastic variable - and that such a disaster could happen in a high-tech country.

"An argument more quickly phase out nuclear power"


Accordingly, the reactions to the study: "The result shows is how selective the debate led to the cost of our energy supply," says Björn Klusmann by the Federal Association for Renewable Energy. "The federal government claims that they have a sophisticated protection for victims in the event of a nuclear catastrophe will," said the Greens MP Hans-Josef Fell. "There can be no question in current law." Fukushima after she had let these words into action urgently.
Even some members of the FDP in the risk for nuclear power do not last longer viable. "I think the cost is not reversible," said Liberal MP Horst Meier Hofer. "This is more an argument for it, quickly phase out nuclear power."

The German Atomic Forum, representing the interests of the nuclear power operator, would not comment on the study by the Insurance Board of Leipzig. It points out, however, that it had its own position on nuclear liability has shown a number of times. On the site of the association found, however, not really a sound argument against potentially high costs for consumers. There is only to read that the issue is often shortened and shown out of focus "from the perspective of the Atomic Energy Forum. The liability coverage in case you think is sufficient.


I'm not too sure what horses feet have to do with it.
_________________
http://biffvernon.blogspot.co.uk/
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    PowerSwitch Forum Index -> Nuclear Power All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group