That is what Jerry Taylor and others are trying to argue. That is a great article, but it does not mention any bloggers as the source of the information. Producing each page requires several hours worth of engineering and technical labor to ensure technical accuracy of the numbers and words. Former submarine Engineer Officer. After learning some microeconomics, I found that the optimal market general equilibrium point comes from a set of Pareto optimal points. Resume available here. For example, the fees for applying for a permit would be a financial cost of regulation. Fundamentally, we should be reducing the cost of nuclear energy so that it can displace fossil fuels in the market, rather than seeking to raise the costs for fossil fuels. The other terms generally require the application of judgment based on the characteristics of the individual rulemaking. But, I have a feeling, just maybe, that they won’t be taxed. You can read the details here: http://www.vjel.org/journal/pdf/VJEL10073.pdf. http://smartech.gatech.edu/bitstream/handle/1853/42061/tedder_abel_cahill_streaming.html?sequence=2, http://web.mit.edu/mitei/research/studies/naturalgas.html, https://atomicinsights.com/2011/07/update-on-fast-reactor-group-challenge-to-mit.html, http://smartech.gatech.edu/bitstream/handle/1853/42061/tedder_abel_cahill.mp4?sequence=1, http://nucleargreen.blogspot.com/2011/09/faustian-bargains-and-80-year-slow.html. Benefits were six times larger than costs. h��X�n7�~@ �~� vZ�ڠ���!ȃ�ll�H It places the cost of federal regulations at $2.028 trillion, of which 71 percent, or $1.45 trillion, is attributed to so-called economic regulations—defined broadly as all “rules that govern decision-making in market transactions.” This $1.45 trillion cost estimate is not developed by adding REGULATORY GUIDE 97 Disclosing fees and costs in PDSs and periodic statements . Or if we impose a tax on the fuel based on its estimated carbon output, why doesn’t the guy with the wood stove have to pay for the carbon emissions (and other air pollution) that he emits? @Robert – What does the Price-Anderson insurance pool system have to do with regulation? @Daniel – I would be satisfied only if Dr. Caldicott herself was to apologize for quoting the bad science book and if the NYAS would publicly denounce the people who abused their good name by publishing it in the first place. Some examples of the objectives of regulation Regulation of Business To ensure a level playing field for businesses to compete Workforce/people To protect rights, safety and citizenship Overhead costs … We are starting to understand how things work in the US. 3. When a system seeks to be able to explore the most degrees of freedom it can, it acts to conserve internal energy, or in the case of economics utility. I reject that admonition as being a false trade off. It also represents revenue that the government is taking from the consumers, citizens, and the producers, citizens, that provides no benefit to either. Also as a note for you technical bubbas the 1 for 1 repowering may not be warranted because of the age of the coal steam plant or other technical difficulties, in that case put in a S-CO2 brayton cycle in lieu of the steam plant. 8���D� • Costs include the costs to regulated companies in complying with the regulation, as well as the direct costs to the regulatory agency of enforcement. � W�$�P�����;-��ei��YƵy��J���� .���Uc}i�9�ү%g^�Y��������9äK� �G����da��YUa�mh���RK�h�l1Eu�p�rd��+90�mN�l��s'��mm�IMqui'~.��vb,�*}Fr*y�]���4��&��_/��~L����%�Ʋ��3�� ��1��G�}+G�[��5�5��w'��s�i1��O$&Ǝs�������5bj�;b�'y�v_d�r�2���L=�8��1Se���V� %��2�⚻��O��69���3�\��E�3�~�3SMğ�L��Ʉ��iJ. One year ago, I believed some foreign nuclear regulation programs were superior to our’s. I will keep pushing; it is an important topic. I suggest basic reform of the NRC before implementing a carbon tax. Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business processes. That extent is limited by how much money other people can make from the carbon users. Burning stuff for heat or process heat applications generates carbon-dioxide too. Either unaccounted burdens which create deadweight loss or through overregulation that creates deadweight loss. 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. However the the problems with the NRU and the farce of the MAPLE reactors demonstrates that the regulator here is not exactly an asset to the industry’s development. “Caldicott cites as her source a discredited study published by the New York Academy of Sciences (NYAS). 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. The lie the devil sold was that this “law of nature” was in his possession and Faust had no right to it other than to give up his immortal soul. The average application is about 15,000 to 20,000 pages. He is quick to put the record straight, but tends to overemphasize the role of his Agency in keeping the industry safe. Regulations can increase costs of operations, introduce legal and administrative hurdles, and sometimes even restrict a company from doing business. Managing member at Nucleation Capital, LP. (Today’s Atomic Insights will most likely have some additional information about that.). Do we have the will? After all, the Office of Management and Budget has estimated the regulatory benefits exceed the costs by as much as 16 to 1. 13771 was issued by President Donald J. Trump in 2017. The timing and pace of regulatory change make compliance challenging. The following chapter provides a taxonomy of regulatory costs and of the compliance costs … There was an energy tax proposed during the fossil fuel-influenced Clinton administration that was structured to apply to the electrical power output of nuclear fission reactors as if that electricity had been produced by burning coal or natural gas. Nuclear blogger Rod Adams has the devastating details of how the study came to public attention and its rapid fall from grace. It isn’t a free market when it comes to nuclear. 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