September 15, 2011

 

Carnegie Announces Unprecedented Principles of Conduct for Nuclear Power Exporters

Principles of Conduct

The Nuclear Power Plant Exporters' Principles of Conduct are an industry code of conduct resulting from a three-year initiative to develop norms of corporate self-management in the exportation of nuclear power plants. In developing and adopting the Principles of Conduct, the world's leading nuclear power plant vendors have articulated and consolidated a set of principles that reaffirm and enhance national and international governance and oversight, and incorporate recommended best practices in the areas of safety, security, environmental protection and spent fuel management, nonproliferation, business ethics and internationally recognized systems for compensation in the unlikely event of nuclear related damage.

A number of nations are continuing to expand their nuclear energy programs and/or extend the lives of their existing nuclear power plants in pursuit of a reliable supply of electricity amid concerns about climate change and energy security. Other nations are seeking to develop nuclear power for the first time. New vendors of nuclear power plants are entering the market while established vendors are reinvigorating their teams and supply chains to meet expected demand. New technologies are emerging that offer even safer, more efficient and proliferation-resistant designs as well as lower levels of waste.

Looking ahead, it is widely expected that nuclear energy will continue to develop throughout the world. The nuclear industry will continue to evaluate and incorporate the lessons to be learned from the nuclear accident at Fukushima, as well as the experiences of over half a century of commercial nuclear energy across the globe in preparing for the future development of nuclear power.

Facilitated by the Carnegie Endowment for International Peace, these six principles incorporate decades of cumulative experience with nuclear technology among the participating global nuclear power plant vendors. The Principles were developed in consultation with leading experts in each field and from the input of the World Association of Nuclear Operators (WANO), drawing where appropriate on International Atomic Energy Agency (IAEA) and related norms. Full Article   



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