Tuesday, December 27, 2011

Total Cost of Fukushima Arnie Gundersen and Warren Pollock

Arnie Gundersen of Fairwinds Associates (a leading nuclear expert) and Warren Pollock (http://www.wepollock.com) redefine the Fukushima nuclear incidents (meltdowns and explosions) in terms of human and total cost. Its easy to look at the details of a highly complex speciality, but it has been hard to quantify the cost and risk of nuclear power up to now! We talk about the rate of failure of nuclear being so high that were that rate applied to aviation there would be no air travel. Nuclear is different in that you have no choice in trading risk for travel, or in this case risk for energy. During 9-11 human value in the western world was quantified in an actuarial model which put each person at a value of $1.8 million dollars. Gundersen explains that up to 1 Million people will be damaged by this incident which puts the total damage well into the trillions of dollars. The full cost of nuclear power has to consider human cost and costs of contamination to the environment. We clarify some important issues regarding radiation and particulate matter.