The Civil Liability of European Nuclear Operators: Which Coverage for the New 2004 Protocols? Evidence from France

International Environmental Agreements: Politics, Law and Economics, Vol. 8, pp. 227-248, July 2008

23 Pages Posted: 22 Jan 2008 Last revised: 5 Nov 2009

See all articles by Michael G. Faure

Michael G. Faure

University of Maastricht - Faculty of Law, Metro; Erasmus University Rotterdam (EUR) - Erasmus School of Law

Karine Fiore

Centre d'Analyse Economique; REACH-CLP Unit/Regulated Products Department

Date Written: 2008

Abstract

Our analysis proceeds as follows. First, we will present the current nuclear liability regime and the amendments enacted by the 2004 Protocol. Secondly, we will analyse and measure the respective costs of the coverage mechanisms currently used in OECD countries. For this purpose, we will rely on the costs borne by the French nuclear operator, EDF, who covers its risk through a combination between his own financial reserves and insurance. This analysis will allow us then to demonstrate that this combination is costly and suboptimal, and more generally, that the current coverage system is limited as regards the future financing the 2004 Protocol. Finally, we will conclude.

Keywords: civil liability, nuclear operators, coverage, 2004 Protocol

JEL Classification: K10, K32, K33

Suggested Citation

Faure, Michael G. and Fiore, Karine, The Civil Liability of European Nuclear Operators: Which Coverage for the New 2004 Protocols? Evidence from France (2008). International Environmental Agreements: Politics, Law and Economics, Vol. 8, pp. 227-248, July 2008. Available at SSRN: https://ssrn.com/abstract=1086287 or http://dx.doi.org/10.2139/ssrn.1086287

Yleen Simonis (Contact Author)

METRO ( email )

P.O.Box 616
Maastricht, 6200 MD
Netherlands

Michael G. Faure

University of Maastricht - Faculty of Law, Metro ( email )

PO Box 616
Maastricht, 6200 MD
Netherlands
+31 - 43 - 388 30 60 (Phone)
+31 - 43 - 325 90 91 (Fax)

HOME PAGE: http://www.michaelfaure.be

Erasmus University Rotterdam (EUR) - Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

Karine Fiore

Centre d'Analyse Economique ( email )

253 ave du général Leclerc
Maisons-Alfort, cedex 94701
France

REACH-CLP Unit/Regulated Products Department ( email )

253 avenue du general Leclerc
Maisons-Alfort, cedec 94701
France

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