financetom
Economy
financetom
/
Economy
/
US nuclear power regulator urged to address 'dirty bomb' risks to society, economy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US nuclear power regulator urged to address 'dirty bomb' risks to society, economy
Oct 3, 2024 4:31 PM

WASHINGTON (Reuters) - The U.S. nuclear power regulator has not acted on recommendations to address radiological security risks to the economy and society including those from "dirty bombs", the U.S. Congress's watchdog agency said on Thursday.

The Government Accountability Office said the Nuclear Regulatory Commission has not implemented 11 of the 18 recommendations it has made to address gaps in how the agency regulates fissile nuclear materials.

WHY IT'S IMPORTANT

The GAO said that the U.S. National Nuclear Security Administration and the Department of Homeland Security agree the social and economic consequences of a radiological disaster like a dirty bomb could be devastating.

A dirty bomb is a crude atomic weapon that militants could devise in the unlikely, but possible, event they gain access to small amounts of fissile materials in the nuclear supply chain. Such a weapon could cause upwards of $30 billion in damages, it said.

The NRC sets regulations based strictly on the radioactive materials' immediate health effects and does not consider the likely social and economic consequences of a dirty bomb, it said.

KEY QUOTE

"NRC has no plans to implement the recommendations to remediate these gaps, even though we demonstrated gaps in its regulations that bad actors can exploit. For example, in 2021-2022 we created fake businesses to fraudulently obtain radioactive materials," the GAO said.

THE RESPONSE

The NRC "continues to consider prompt fatalities and deterministic health effects from radiation as the primary consequences of concern for assessing the risk of a so-called 'dirty bomb,'" a spokesperson said. 

"The current regulatory requirements provide for the safe and secure use of radioactive materials regardless of their category," the spokesperson added.

WHAT'S NEXT

The GAO said it recommended congressional action to close the gaps. But with the U.S. Congress being narrowly divided and having a crowded legislative calendar, it is uncertain when, or if, it would take up the issue.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
Copyright 2023-2025 - www.financetom.com All Rights Reserved