Monday, 9 February 2015

9-feb


No liability for supplier unless it is in nuclear contract

1)      U.S. suppliers of nuclear reactors and parts will not be directly liable in case of a nuclear accident, nor can they be sued by Indian nuclear operators unless the contract they sign clearly states it.

2)      The government of India has assured the U.S. and other suppliers that their liability would be paid out of an “insurance pool” of approximately $250 million (Rs.1,500 crore), to be funded equally by the government and the government-owned insurance companies.

3)      The “breakthrough understanding” in civilian nuclear cooperation was reached by President Barack Obama reached with Indian Prime Minister Narendra Modi.

4)      The government was not making changes to the Civil Liability for Nuclear Damages (CLND) Act, 2010, but would read the Act to mean that the supplier’s liability was not a mandatory part of the contracts to be signed.

5)      The U.S. manufacturers and even Indian suppliers have raised concerns over the CLND law saying it will be unviable for them to conduct nuclear business in India with the risk of that kind of liability being “channelled” to the suppliers.

6)      The govt makes it clear that immediate liability for any incident will be channelled only to the operator — in this case the public sector unit Nuclear Power Corporation of India Ltd.

important points :

A.   Supplier’s liability is not necessary

B.    The tort law or civil damages suit clause for victims does not apply to suppliers

C.    Amount of liability will be capped, and paid for from insurance pool

v  liability will be capped at $300 million SDRs (Special Drawing Rights)

v  Any damages above this will come from an international fund, once India ratifies the international convention on supplementary compensation for nuclear liability.

v  This effectively means that the supplier will not be liable, and even the operator will be liable only for a small fraction of what victims will need.

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India to deploy 'global calculator' to study climate change

1)      Nearly 20 nations (Eleven countries were using this tool and nine more were preparing their own versions), including India, will deploy a global calculator to calculate climate impact scenarios in their territories.

2)      It is a free, open-source interactive tool to help assess climate change scenarios over a period and make changes in lifestyle.

3)      The calculator could illustrate climate impacts based on different choices and was linked to the latest Intergovernmental Panel on Climate Change (IPCC) reports.

4)      Three main principles in calculating the impacts of climate change: transparency, collaboration and simplicity.

5)      The calculator could look at transport efficiency, renewable energy, crop yields and forests, but the world need to change the way it powered its lifestyle.

6)      Businesses and government, apart from schools and universities, are using this tool [calculator], and some countries and cities are developing their own specific tools as well.

7)      While experts had access to climate models, the general public found it difficult to use them to envisage scenarios. The calculator opened up possibilities for a larger audience.

8)      Colombia had developed a country calculator to present its Intended Nationally Determined Contributions (INDC) later this year before the climate change talks at Paris.

9)      The calculator allow for the use of temperature as a factor, but could not make calculations based on how much developed countries needed to do or pay. However, it could be a reference point for country-level calculations and is a flexible too.

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