Bottom line – zero deaths from radiation exposure now and forever more from this accident where the most exposed individual outside the gates might have received a 10-50 mSv (1-5 Rem). After all, the Office of Management and Budget has estimated the regulatory benefits exceed the costs by as much as 16 to 1. Regulatory delays can impose significant costs to businesses through lost revenue and other costs. In early 2018, while this process was going on, the Trump administration also expanded a requirement for cost-benefit analysis of tax regulations so that it applied to many more tax regulations than it had in the past. Now, the idea that regulation might actually be a net good to society is politically incorrect among conservatives and the Trump Administration. The Academy, when advised of the lack of scientific rigor in the materials it published, was so embarrassed it returned the copyright to the authors and removed the work from its website. We are starting to understand how things work in the US. But, anyway, if we’re going to tax generators for carbon they don’t produce, would the same tax be levied on solar panels and windmills? It seems you may have closure on this other issue (NYAS) according to Monbiot: Caldicott cites as her source a discredited study published by the New York Academy of Sciences (NYAS). 6.9 The importance of compliance costs 82 6.10 Example: Estimating the compliance costs of regulation 84 A.1 Forms of regulation and alternatives 95 A.2 Example: Advertising self-regulation system 97 A.3 Example: Electronic Funds Transfer Code of Conduct 99 A.4 Example: National Code of Practice for the Construction Industry 100 Executive Order (E.O.) I think I saw something earlier this week about GE-Hitachi making a proposal to the UK government regarding utilizing the S-Prism to get some useful benefit from dispositioning Britain’s surplus of excess plutonium. You could fight the bureaucracy but that would end up taking longer and costing more and you’d end up in the same place when all was said and done. “Caldicott cites as her source a discredited study published by the New York Academy of Sciences (NYAS). (You can read all about it by search on B&W mPower reactor). http://web.mit.edu/mitei/research/studies/naturalgas.html On the other hand, regulations predicated largely on political expediency ought to be heartily challenged by the regulated entities. Compliance costs are all the costs of complying with regulation, with the exception of direct financial costs and long term structural consequences. All of those are lacking today among the so-called political leaders. It is natural, it is the “invisible hand”, it is what drives human action and it is what drives action in the world around us. The act of over regulation follows a quadratic function of costs growth. This period begins from the date of registration of the regulatory change, and burden out can be banked at any time to offset burden in. The concept of utility maximization, what the devil sold Faust as being something that Faust did not poses or have a right to poses, is simply Pareto optimality. Who is going to check that nobody is cheating to gain an unfair economic advantage? All operating reactors pay the full federal cost of regulation. Regulatory Costs means the costs and expenses incurred by Licensee or its Affiliates attributable to, or reasonably allocable to, the preparation, obtaining or maintaining of Regulatory Materials and Regulatory Approvals for the Product (other than Manufacturing-related Regulatory Approvals), including any filing fees and such costs and expenses incurred by Amarin or its Affiliates to the extent requested by … Regulatory costs are an essential aspect of the efficiency and quality of regulations. Thank you for the link. Current fee per regulator hour is $273.00 8���D� I chose IFR because of its maturity and because the fissile material production and fuel fabrication infrastructure is scaled as capacity is built allowing a faster implementation of the technology. For the good of society we need to have less expensive energy, not more expensive energy (as a carbon tax would produce). Other estimates have found even higher benefit-to-cost ratios, he said. That is to say, if the money is used to build solar, then solar will not want to see 0 coal plants b/c then who would pay for the solar? Also as a note for you technical bubbas the 1 for 1 repowering may not be warranted because of the age of the coal steam plant or other technical difficulties, in that case put in a S-CO2 brayton cycle in lieu of the steam plant. On unnecessary regulation, I would have to let insurance companies (sans Price-Anderson Nuclear Industries Indemnity Act ) try to determine that in a free market. It also represents revenue that the government is taking from the consumers, citizens, and the producers, citizens, that provides no benefit to either. OIRA’s annual Reports to Congress—one example of the bottom-up approach—aggregate the estimated costs and benefits of major federal rules over the It is a lie created to exert control. Production is separated by regions, technology, and applications. @Daniel – I would be satisfied only if Dr. Caldicott herself was to apologize for quoting the bad science book and if the NYAS would publicly denounce the people who abused their good name by publishing it in the first place. You are also confusing a carbon tax with a scheme for cap and trade, which are not the same thing. From reading Ted Rockwell’s work over the years, his effort is in keeping and is consistent with the natural world view. 2 CHAPTER 1 CONTROLLING REGULATORY COSTS generally fi nd themselves signifi cantly overspending on regulatory affairs and com-pliance in a frustrating effort to insulate themselves potential FDA criticism. (Today’s Atomic Insights will most likely have some additional information about that.). To me, nuclear is a great backstop technology whose time is sometime in the future in a fossil-fuel-rich world given relative economics. 11 examples: When an employer does offer a pension, a variety of regulatory constraints must… The top-down approach estimates regulatory costs using econometric modeling and proxy measures of regulation. The Academy, when advised of the lack of scientific rigor in the materials it published, was so embarrassed it returned the copyright to the authors and removed the work from its website. In the case of fossil fuels. You can read the details here: http://www.vjel.org/journal/pdf/VJEL10073.pdf. Persons preparing a CBA attempt to assign a monetary value (also know as monetizing) to all the predicted costs and benefits of a regulation. Daniel makes a valid point in that being competitive in the “free market” is only fair if all of the players have prices that truly reflect the costs, internal and external. 0 Weinberg was soliciting validation of the justification of the “Faustian Bargain” that what he did was right. When the Republicans first thought of this carbon tax, they had a great market incentives with ‘carbon units’ that you could trade. Setting aside the mathematics, cost externalities can come from two sources. Compliance. Just imagine, your facility has just been swamped by a huge tidal wave, all of your diesels are washed out, your emergency switchgear is fried, the lights are out, your ceiling is falling on your head, and your instruments are showing that water level is dropping and temperatures are rising. It is a lie that we are told so that we can be controlled for the good of society because what we choose to dedicate our lives to is so dangerous. The other form of a market externality is that of overregulation. For example, as noted in the HHS guidelines, the categorization of regulatory impacts as “benefits” or “costs” is not necessarily consistent across analyses. Burning stuff for heat or process heat applications generates carbon-dioxide too. How much does it cost the average small business to comply with government regulations? The presentation is simplified I really do like all high temperature reactors and thorium as a fuel because it allows thermal breeding. I thought it was Monbiot but it is by Idaho Samizdat on Dec 3. It occurs most often when a monopoly exists, wages increase, natural disasters occur, regulations are introduced, or exchange rates change. The NYAS did ‘repair’ the damage but not in an honest and forthcoming manner. If you’re going to do it for nuclear, it would seem fairest to do it for other non-carbon emitting sources as well. This is where the “free market” arguments break down. 19 1.3 Types of regulatory costs 22 1.3.1 Types of direct costs 24 1.3.2 Indirect costs 27 1.3.3 Enforcement costs 30 1.4 The benefits of regulation … The link below is a presentation that I gave at Tech on what I think nuclear power and coal can do for our economy: What are radiation protection standards protecting us from? Some examples of the objectives of regulation Regulation of Business To ensure a level playing field for businesses to compete Workforce/people To protect rights, safety and citizenship Current fee per regulator hour is $273.00. Introduction The Canadian Cost-Benefit Analysis Guide is provided for the use of federal departments and agencies as they perform cost-benefit analysis to support regulatory decisions. Now, Mr. Free Market advocate, do you understand why a nuclear fission heat engine that uses almost exactly the same kind of machinery as a fossil fuel combustion heat engine might cost several times more than it should in initial capital investment largely BECAUSE the fossil fuel-influenced US government has layered so much restraining regulation that I personally feel a little like Gulliver waking up in the land of the Lilliputians. Here's a nice paper as an example of control systems, " A Probabilistic Approach to Mixed Open-loop and Closed-loop Control, with Application to Extreme Autonomous Driving.". @Robert – What does the Price-Anderson insurance pool system have to do with regulation? The other terms generally require the application of judgment based on the characteristics of the individual rulemaking. The report highlighted some examples of this increasing compliance burden, including new regulatory approaches like Australia's Financial System Inquiry report and legislation such as the Dodd-Frank Act in the U.S. For example, costs that are in the scope of the inventory guidance or internal-use software guidance will continue to be accounted for under those standards. examine the impact of regulatory changes focus on either the costs imposed by one or two federal regulatory agencies9 or the effects on a single indus-try.o Researchers have calculated very different estimates of regulatory costs. The only bright light is that the current President Michael Binder holds a Ph.D. in physics (unlike his predecessor who was a Liberal Party hack) and is very proactive in jumping on the media whenever there is a story about nuclear dangers. These regulatory and compliance overexpenditures fall into eight categories, which in turn lead to eight cost reduction strategies. For example, its peer agencies spend about 20 to 32 percent on overhead costs, compared to 37 percent at NRC. I wish I had found Ted Rockwell’s article. If the fossil industries “competed” in the same regulatory environment, it would be no contest, nuclear would run them off the track. If we get to compete on a ‘clean loop’ approach, we win. These are important questions. REGULATORY GUIDE 97 Disclosing fees and costs in PDSs and periodic statements . That the bargain as Weinberg described did harm without providing any benefit. Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer. http://smartech.gatech.edu/bitstream/handle/1853/42061/tedder_abel_cahill.mp4?sequence=1 Section 9 requires the Commission to collect regulatory fees to recover the regulatory costs associated with the its enforcement, policy and rulemaking, user information, and international activities. Are just carbon emissions from electrical power plants taxed (or capped)? For example, the fees for applying for a permit would be a financial cost of regulation. From a regulatory perspective, the ACA has imposed more than $27.2 billion in total private sector costs, $8 billion in unfunded state burdens, and more than 159 million paperwork hours on local governments and affected entities. When you have decided to tax something you are regulating it. I look at an externality as theft. The times I have been wrapped up with the nuclear regulation tarbaby, it always seemed to come down to a go-along-to-get-along attitude on the part of management for one basic reason: it was “easier”. “The idea is to be very low cost, very safe and generate very little waste,” said the billionaire during a talk at China’s Ministry of Science and Technology. The last CED policy statement on regulatory policy, “Modernizing Government Regulation: The Need for Action,” was issued in 1998. It used to be rather good in the days of the Atomic Energy Control Board of Canada, but since it has become the Canadian Nuclear Safety Commission it has become bureaucratic and officious. eurlex-diff-2018-06-20 (19)Businesses are burdened with high regulatory costs. Not only that once governments get used to the tax income they(and the people cashing the checks) won’t let that income go away once all the coal plants are closed. It means that not only will our transportation fuel will be dependent on imported energy, but so will our electricity generation. The combustion of coal to produce electricity is a good example of this. It is the tool of guilt that is being held over our heads. Here’s to you, the NRC: Microsoft co-founder Bill Gates confirmed Wednesday he is in discussions with China to jointly develop a new and safer kind of nuclear reactor. Not bloody likely when you put $$$ on a carbon emission unit. Politicians and legislators also prioritize these concerns, given that new policies can significantly affect important societal factors, such as the national economy or the political landscape. Certainly fossil fuels have external costs to society that are not funded. Either way, this is regulating carbon, and it involves instituting a new bureaucracy, since somebody will need to count those “carbon units” that get taxed or traded. Superficial actions and persuasive rhetoric used to make it seem as if the industry resists vacuous change are, not the answer. Bradley’s statements support my belief that the nuclear energy industry has a meek “yessir, three bags full sir” attitude. Giga-fren. Countries that are anti-nuke will need carbon tax to force solar to be better than coal and gas. OK, well, it seems kind of Bizzaro World to impose a carbon tax on an energy source that doesn’t produce carbon emissions, but, then again, I don’t expect it to make sense, since its politics. Nuclear blogger Rod Adams has the devastating details of how the study came to public attention and its rapid fall from grace. Countries that are pro-nuke will be able to build nuclear at competitive costs to coal and gas thus don’t need carbon tax. After all of those bits are reviewed (we will be submitting PDF’s, not actual pages) plus all additional Requests for Additional Information are answered, we will finally have permission to START building. The tradeoff has been an increase in regulatory cost. Surprisingly, regulatory costs are often neglected or misinterpreted in regulatory assessments, except—though only recently—for administrative compliance costs. It was very influential in my thinking. h�b```f``�``b`��a�e@ ^�3GC���L�y�,�.�1L~R��j�e_r``bafdd`c���^iV )c`de�a`7���;�%H@������ ^ http://smartech.gatech.edu/bitstream/handle/1853/42061/tedder_abel_cahill_streaming.html?sequence=2, Also, check out the impact of shifting to natural gas in the MIT report “The Future of Natural Gas”, Specifically Figure 3.7. Producing each page requires several hours worth of engineering and technical labor to ensure technical accuracy of the numbers and words. It took a couple of years, I have a better handle on the issue and understand more of the “why”. Cal, once you get finished with exams for the semester, you might want to check out this lengthy post expounding on Weinberg’s intended meaning when he called nuclear power a “Faustian bargain”. I “knew” Ted Rockwell was right, but I did not understand why. Money talks. I reject this morality out of form because of my love of life. Will heavy nitrogen become a widely used fission reactor coolant? Robert blogs at Master Resource, the same place where I have encountered Jerry Taylor, who shares some of the same ideas. The opposition knows this, and will play it for all its worth. More than 2 years later, it is clear this experiment in cost-benefit analysis of tax regulations … Regulations can increase costs of operations, introduce legal and administrative hurdles, and sometimes even restrict a company from doing business. Major indirect costs include value lost when people cut back purchases in response to regulation-induced price increases, reductions in quality or convenience caused by regulation, and risk/risk tradeoffs. And a regulatory scheme that is so large as to be impossible to manage effectively? Host and producer, The Atomic Show Podcast. Note: I speak only for myself and not for my employer. The price for nuclear more accurately reflects internal and external costs, moreso than most fossil fuels. It further directs agencies that the “total incremental costs of all regulations … So nuclear plant sells carbon credits to coal, gas, oil plant. Regulatory risk is the risk that a change in regulations or legislation will affect a security, company, or industry. ��}�/�wc�)�>�H�2;G�(�P2 �RT �J%�Vh�B�b���b�v�P� ㍧�&$ta#��I�RIx�h��«���߯���iX��_��o���������:�_ۃ�I�^�?�4lnn���s��_]ޭo�������pq���3�832-%V#�{�}��Vo6���������z������\�oo�!WW����H2[�)��n���c�.���-?n�>l�7��7���~��_nv�����N=��^����u��[���ju���lx��c��p�d��?�(T�}��ئ܆R�㜧cyI+���R��\�� 1��X�:sQG�K�����v� �^��.��8���������̺���OؾR�NK�ԨS�jzB���Sr�87����WO3x�Ś�K�X��d���������Kh�-�[�h�:���}�Amc��fI7Ɩ��Zg�nnW�-�(�ۢ�`�Zh/u�U�����~8�m͌��s�=,Ŧ�������aM��#O�PyJw��&����N��N��H��m���)$�h�-����C�sm�#�Yt`����ť��O�{X����X����H|f)X:����:: Is there a conspiracy against nuclear energy? It only becomes one if we accept the devils morality. Killing someone because the air they breathe is polluted because I failed to fight for what I know is right and accepted what I know as a lie, damns me for their deaths. But it is still astonishing that so-called “free market” advocates who diss nuclear for its costs totally blow these things off. regulatory burden costs $1,200 every time a patient is admitted to a hospital. Regulatory methodologies Incentive regulation for transport and distribution of electricity, French, Dutch and English examples Stephane Jacobzone (OECD Secretariat) Based on materials transmitted by the French energy regulator Just in economics they call it general equilibrium theory. I think the Japanese did a terrific job of responding to a very challenging natural disaster. The amount of government regulation, by any measure, is huge. One was Japan. Resume available here. I have been in touch with Professor Lester. We are told that we “deserve” the restrictions that our industry faces, and that it is a moral obligation for us to accept these as our duty to society. Most IT projects have some made up budget and schedule. Like I said, no morals, no fairness, no guts. 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