Buying time: Franchising hazardous and nuclear waste cleanup
- Dept. of Energy, Washington, DC (United States)
This paper describes a private franchise approach to long-term custodial care, monitoring and eventual cleanup of hazardous and nuclear waste sites. The franchise concept could be applied to Superfund sites, decommissioning commercial reactors and safeguarding their wastes and to Department of Energy sites. Privatization would reduce costs by enforcing efficient operations and capital investments during the containment period, by providing incentives for successful innovation and by sustaining containment until the cleanup`s net benefits exceed its costs. The franchise system would also permit local governments and citizens to demand and pay for more risk reduction than provided by the federal government. In principle, they would have the option of taking over site management. The major political drawback of the idea is that it requires society to be explicit about what it is willing to pay for now to protect current and future generations. Hazardous waste sites are enduring legacies of energy development. Abandoned mines, closed refineries, underground storage tanks and nuclear facilities have often become threats to human health and water quality. The policy of the United States government is that such sites should quickly be made nonpolluting and safe for unrestricted use. That is, the policy of the United States is prompt cleanup. Orphaned commercial hazardous waste sites are addressed by the US Environmental Protection Agency`s Superfund program. 17 refs., 2 tabs.
- Sponsoring Organization:
- USDOE
- OSTI ID:
- 460069
- Journal Information:
- Energy Journal, Vol. 18, Issue 2; Other Information: PBD: 1997
- Country of Publication:
- United States
- Language:
- English
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