Presentation on theme: "Research Question: What are the possible economic consequences of a nuclear power station accident ? Student names: (Underline family name) Dolomanov Andrii."— Presentation transcript:
Research Question: What are the possible economic consequences of a nuclear power station accident ? Student names: (Underline family name) Dolomanov Andrii JI JIE Student numbers: 620037853, 0057032696 620037861, 0050061132 Date:25.03.2013 English Group: J Foundation Group Presentation INT 0001 English Language Skills for Academic Study
Nuclear power accidents a negative externality of the nuclear power industry
Research question What are the possible economics consequences of a nuclear power station accident?
The result of such a disaster can affect a huge territory and people engaged in business Thesis statement
Outline Definition Description of the industry Examples: Chernobyl Fukushima Aftermath Conclusion
Negative Externality Definition: A negative consequence of an economics activity that is experiensed by unrelated third parties.
Social Equilibrium Private Equilibrium Marginal Social Cost Marginal Private Cost Demand (Marginal Private Benefit)= Marginal Social Benefit Deadweight loss of economic welfare Benefits and Costs Quantity of Output (Q) Q2 Q1 P
Nuclear power industry Product of nuclear reaction Uranium Generate heat & electricity 5.7% of the world’s energy 13% of the world’s electricity CesiumRubidium
Direct cost in Japan The capacity to produce electricity was reduced by as much as 40%, and has remained at less than 80% before nuclear disaster levels. The world bank estimated that Japan’s disaster would cost between $100-$235 billion and take 5 years to rebuild.
New radiation limits for food in Japan On 22 December 2011 the Japanese government announced new limits for radioactive cesium in food. The new norms would be enforced in April 2012. FoodOld limitNew limit rice, meat, vegitables, fish 500 becquerel per kilogram 100 becquerel per kilogram milk, milk-powder, infant-food 200 becquerel per kilogram 50 becquerel per kilogram drinking water 200 becquerel per kilogram 10 becquerel per kilogram
Conclusion Unemployment Polution Real expenditures for mistakes in the past Residents resetting Health care
New nuclear power plant at Hinckley Point C is approved 20 March 2013,12:02 from BBC NEWS French energy giant EDF will construct Hinkley Point C in Somerset. The proposed £14bn power plant would be capable of powering five million homes. It is estimated the project will create about 25,000 jobs during construction and 900 permanent jobs once in operation
27 Learn from the three accidents, we hope the Hinckley nuclear station will bring UK just benefit this time and the history will never happen again
Reference list http://www.pravo.by/pdf/2009-309/2009-309(003-022).pdf http://un.by/chernobyl/docs/ch2.html http://www.chernobyl.gov.by/index.php?option=com_content&vie w=article&id=105&Itemid=54http://www.chernobyl.gov.by/index.php?option=com_content&vie w=article&i http://www.bbc.co.uk/russian/international/2011/04/110422_belar us_chernobyl_impact.shtmlhttp://www.bbc.co.uk http://maps.google.co.uk/maps?hl=ru&tab=wlmaps.google.co.uk/maps?hl=ru&tab=wl Introduction to economics, Jane Stott and John Hoskin Chernobyl’s Legacy: Health, Environmental and Socio-Economic Impacts, The Chernobyl Forum: 2003-2005 http://www.bbc.co.uk/news/uk-21839684http://www.bbc.co.u Carl Weinberg, High Frequency Economics http://useconomy.about.com/od/criticalssues/a/Japan- Earthquake.htmhttp://useconomy.about.com/od/criticalssues/a/Japan- Earthquake.htm