The Geneva Papers on Risk and Insurance (2000) 25, 196–202. doi:10.1111/1468-0440.00059
Capping Environmental Liability: The Case of North American Nuclear Power
Anthony Heyes1 and Catherine Liston-Heyes1
1London University
Correspondence: Anthony Heyes, Department of Economics, Royal Holloway College, University of London, Egham Hill, Egham, Surrey TW20 0EX, England.
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Abstract
The liability of operators of nuclear power stations for off-site damage done by accidents is capped by the Price-Anderson Act in the U.S. and the Nuclear Liability Act in Canada. Such capping constitutes a subsidy to nuclear vis-á-vis other sources of energy. We report the results of analyses aimed to estimate the size of that implicit subsidy.
