"The Externalities of Nuclear Power: First, Assume We Have a Can Opener..."
http://digitalcommons.pace.edu/lawfaculty/491THE INTERCIVILIZATIONAL INEQUITIES OF
NUCLEAR POWER WEIGHED AGAINST THE
INTERGENERATIONAL INEQUITIES OF
CARBON BASED ENERGY
Karl S. Coplan·
Sometime toward the end of the industrial revolution, western industrial
countries discovered a new way to power their steam engines,
which had previously been powered by burning wood and
coal. This energy source promised to power the machines of civilization
and progress far into the future. This energy source seemed at
the time to be cheap and limitless, and contained an energy density
(energy potential per unit weight) far exceeding those of fuels previously
used to power steam engines. 1 Unfortunately for the generations
that would follow, the early proponents of this energy source
simply ignored the waste by-product of this fuel cycle. The wastes
produced by this fuel will likely, at a minimum, render currently
populated places in the world uninhabitable, and, at worst, threaten
the survival of the human species. 'DIese impacts will affect generations
far into the future.
Although this paragraph could well describe the climate impacts of
burning fossil fuels, I am not talking about the carbon cycle and
global warming. I am talking about the impacts of nuclear energy
production. Proponents of nuclear energy tout the energy source as
the most promising offset to greenhouse gases produced in electricity
generation. These proponents eagerly await the additional direct
and indirect subsidies for new nuclear power plants that would flow
from various carbon tax and emissions trading schemes. Carbon
emissions trading and offset schemes will subsidize the nuclear energy
industry indirectly, by making competing fossil fuel based energy
more expensive, and by potentially offering marketable offset
credits for new nuclear energy generation projects that displace existing
carbon-based energy generation.
This essay explains that such encouragement of nuclear energy
production as a "solution" to fossil fuel-induced climate change will
create environmental problems equally as grave as' those posed by a
carbon-based energy economy. Both nuclear energy and fossil energy
impose enormous environmental externalities that are not captured
by the economics of energy production and distribution. While
emissions trading schemes seek to harness market-based efficiencies
to accomplish pre-determined reductions, they neither seek to nor
succeed in capturing the environmental externalities of energy generation.
By creating a set of incentives without capturing all of the
externalities, these trading schemes will simply distort the market,
possibly leading to a worse overall damage to the environment than
global warming by itself.
Ultimately, nuclear power production as an alternative to carbonbased
energy production simply presents a choice of evils. Efforts to
reduce carbon emissions must not come at the expense of distorting
energy markets in a way that exacerbates the equally insurmountable
problems posed by the multi-millennial storage of hazardous nuclear
waste.
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http://digitalcommons.pace.edu/lawfaculty/489/The Externalities of Nuclear Power:
First, Assume We Have a Can Opener...
Karl S. Coplan*
INTRODUCTION
The nuclear power industry has latched on to global warming as an
argument for its renaissance. Although even industry proponents
acknowledge that the problem of disposing of spent nuclear fuel remains
unsolved, the industry routinely assumes this problem will be solved in
the future. Unfortunately, this is the same assumption made by nuclear
energy proponents at the beginning of the nuclear industry fifty years
ago. We haven’t solved the nuclear waste problem in the past half
century, and there is no reason to think we will be more likely to do so in
the next one. Like the shipwrecked economist in the old joke, the
nuclear industry continues to postulate that we should “assume we have a
can opener” for the nuclear waste problem.1
While the impacts of global warming are described as
“intergenerational,” the impacts of the nuclear waste cycle are better
described as inter-civilizational.2 Nuclear fuel wastes remain hazardous
for hundreds of thousands to as much as a million years.3 By contrast,
recorded human history goes back only about 5,000 years, and human
civilization is only about 10,000 years old. Globally, none of the
generators of nuclear fuel waste have successfully implemented any
permanent disposal option for nuclear waste, leaving this externality of
nuclear energy production as a problem for future generations, or, more
likely, for future civilizations. Put simply, the nuclear industry, with
government complicity, has transferred and deferred the most expensive
part of the cost of the nuclear fuel cycle to future generations and
civilizations unknown.
Nor are the environmental and public health costs of nuclear waste
the only ones that nuclear energy generation has externalized. Nuclear
generation also poses a risk externality — the economic and social harms
that the public has assumed in the event of a radiation release, for which
the generating industry has limited liability. This risk externality arises
not only from the risk of accidental reactor meltdown and release of
radioactivity, but also from the proliferation and terrorism risks that are
inseparable from any scheme of nuclear energy production and waste
disposal.
These twin externalities, waste and risk, make any nuclear
renaissance an unsatisfactory substitute for fossil fuel power generation.
As horrendous as the impacts of global warming will be — millions of
people displaced and dead — the likely long-term impacts of increased
nuclear energy production are comparable, and longer lasting.
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