Fukushima nuclear cleanup estimated to cost $105 billion

Better Market Your Uranium Someplace Else, Japan Appetite No Longer Huge as Before – Former PM Tells Australia Queensland Premier Campbell Newman International Business Times, By Esther Tanquintic-Misa | August 28,

“……….In the research made by Kenichi Oshima, environmental economics professor at Ritsumeikan University, and Masafumi Yokemoto, professor of environment policy at Osaka City University, they said the Fukushima Daiichi nuclear power plant tragedy will cost 11.08 trillion yen ($105 billion). The figure ballooned to include radiation clean-up and compensation to residents.

Specifically, the expenses will include

  • 4.91 trillion yen ($47 billion) for compensation to residents in the affected area of the crippled Fukushima Daiichi nuclear plant
  • 2.48 trillion yen ($23 billion) will be involved in the radiation cleanup of the territories
  • 2.17 trillion yen to scrap the disaster-hit plant
  • 1.06 trillion yen for the temporal storage of radioactive soil

Nevertheless, the researchers noted the amount still exclude costs for the final disposal of radioactive substances, compensation and plant decommissioning.

Oshima and Yokemoto said the cost will be shouldered by the Japanese people through taxes and utility bills.http://au.ibtimes.com/articles/564339/20140828/uranium-japan-appetite-kan-australia-queensland-newman.htm#.VADXudJdUnk

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