Articles | Volume 2
https://doi.org/10.5194/sand-2-7-2023
https://doi.org/10.5194/sand-2-7-2023
Conference Abstract
 | 
06 Sep 2023
Conference Abstract |  | 06 Sep 2023

Lessons for the organization of nuclear decommissioning from the UK and the US: risks, challenges, and opportunities

Alexander Wimmers and Christian von Hirschhausen

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Cited articles

Beckers, T.,Gizzi, F., and Jäkel, K.: An Approach to Analyze `System Goods' – Classification, Presentation, and Application, 2021–02, WIP-Working Paper, Berlin: Workgroup for Infrastructure Policy (WIP), Technische Universität Berlin, 2012. 
Laraia, M.: Nuclear Decommissioning, Vol. 66, Lecture Notes in Energy, Cham: Springer International Publishing, https://doi.org/10.1007/978-3-319-75916-6, 2018. 
Lordan-Perret, R., Sloan, R. D., and Rosner, R.: Decommissioning the U.S. Nuclear Fleet: Financial Assurance, Corporate Structures, and Bankruptcy, Energy Policy, 154, 112280, https://doi.org/10.1016/j.enpol.2021.112280, 2021. 
Schneider, M., Froggatt, A., Hazemann, J., von Hirschhausen, C., Ramana, M. V., Wimmers, A. J., Sailer, M., Schneider, N., Suzuki, T., Stienne, A., Meinass, F., and Verbruggen, A.: World Nuclear Industry Status Report 2022, Paris: Mycle Schneider Consulting, https://www.worldnuclearreport.org/IMG/pdf/wnisr2022-hr.pdf (last access: 6 October 2022), 2022. 
Williamson, O. E.: Markets and Hierarchies, Analysis and Antitrust Implications: A Study in the Economics of Internal Organization, New York: Free Press, ISBN 9780029353608, 1975.  
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Short summary
With nuclear decommissioning moving out of niche research, questions on optimal organizational models arise. We compare the former market-based UK parent body organization model (now changed to a state-organized model) to the approach in the USA, which see an emergence of specialized actors in the field. We find that market-based approaches may bring advantages in terms of efficiency but also bear the risk of information asymmetry, high transaction costs, and financial liability issues.