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Stranded Asset
Stranded assets are "assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities". Stranded assets can be caused by a variety of factors and are a phenomenon inherent in the 'creative destruction' of economic growth, transformation and innovation; as such they pose risks to individuals and firms and may have systemic implications.Background Briefing, UNEP Inquiry into the Design of a Sustainable Financial System UNEP. 2014 is expected to cause a significant increase in stranded assets for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lawsuit
- A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil action brought by a plaintiff (a party who claims to have incurred loss as a result of a defendant's actions) requests a legal remedy or equitable remedy from a court. The defendant is required to respond to the plaintiff's complaint. If the plaintiff is successful, judgment is in the plaintiff's favor, and a variety of court orders may be issued to enforce a right, award damages, or impose a temporary or permanent injunction to prevent an act or compel an act. A declaratory judgment may be issued to prevent future legal disputes. A lawsuit may involve dispute resolution of private law issues between individuals, business entities or non-profit organizations. A lawsuit may also enable the state to be treated as if it were a private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Fuel
Nuclear fuel is material used in nuclear power stations to produce heat to power turbines. Heat is created when nuclear fuel undergoes nuclear fission. Most nuclear fuels contain heavy fissile actinide elements that are capable of undergoing and sustaining nuclear fission. The three most relevant fissile isotopes are uranium-233, uranium-235 and plutonium-239. When the unstable nuclei of these atoms are hit by a slow-moving neutron, they frequently split, creating two daughter nuclei and two or three more neutrons. In that case, the neutrons released go on to split more nuclei. This creates a self-sustaining chain reaction that is controlled in a nuclear reactor, or uncontrolled in a nuclear weapon. Alternatively, if the nucleus absorbs the neutron without splitting, it creates a heavier nucleus with one additional neutron. The processes involved in mining, refining, purifying, using, and disposing of nuclear fuel are collectively known as the nuclear fuel cycle. Not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Renaissance
Since about 2001 the term nuclear renaissance has been used to refer to a possible nuclear power industry revival, driven by rising fossil fuel prices and new concerns about meeting greenhouse gas emission limits. In the 2009 ''World Energy Outlook'', the International Energy Agency stated that: A nuclear renaissance is possible but cannot occur overnight. Nuclear projects face significant hurdles, including extended construction periods and related risks, long licensing processes and manpower shortages, plus long‐standing issues related to waste disposal, proliferation and local opposition. The financing of new nuclear power plants, especially in liberalized markets, has always been difficult and the financial crisis seems almost certain to have made it even more so. The huge capital requirements, combined with risks of cost overruns and regulatory uncertainties, make investors and lenders very cautious, even when demand growth is robust.International Energy Agency, ''Wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITER
ITER (initially the International Thermonuclear Experimental Reactor, ''iter'' meaning "the way" or "the path" in Latin) is an international nuclear fusion research and engineering megaproject aimed at creating energy by replicating, on Earth, the fusion processes of the Sun. Upon completion of construction of the main reactor and first plasma, planned for late 2025, it will be the world's largest magnetic confinement plasma physics experiment and the largest experimental tokamak nuclear fusion reactor. It is being built next to the Cadarache facility in southern France. ITER will be the largest of more than 100 fusion reactors built since the 1950s, with ten times the plasma volume of any other tokamak operating today. The long-term goal of fusion research is to generate electricity. ITER's stated purpose is scientific research, and technological demonstration of a large fusion reactor, without electricity generation. ITER's goals are to achieve enough fusion to produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thorium-based Nuclear Power
Thorium-based nuclear power generation is fueled primarily by the nuclear fission of the isotope uranium-233 produced from the fertile element thorium. A thorium fuel cycle can offer several potential advantages over a uranium fuel cycleA nuclear reactor consumes certain specific fissile isotopes to produce energy. Currently, the most common types of nuclear reactor fuel are: * Uranium-235, purified (i.e. " enriched") by reducing the amount of uranium-238 in natural mined uranium. Most nuclear power has been generated using low-enriched uranium (LEU), whereas high-enriched uranium (HEU) is necessary for weapons. * Plutonium-239, transmuted from uranium-238 obtained from natural mined uranium.—including the much greater abundance of thorium found on Earth, superior physical and nuclear fuel properties, and reduced nuclear waste production. One advantage of thorium fuel is its low weaponization potential; it is difficult to weaponize the uranium-233/ 232 and plutonium-238 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passive Nuclear Safety
Passive nuclear safety is a design approach for safety features, implemented in a nuclear reactor, that does not require any active intervention on the part of the operator or electrical/electronic feedback in order to bring the reactor to a safe shutdown state, in the event of a particular type of emergency (usually overheating resulting from a loss of coolant or loss of coolant flow). Such design features tend to rely on the engineering of components such that their predicted behaviour would slow down, rather than accelerate the deterioration of the reactor state; they typically take advantage of natural forces or phenomena such as gravity, buoyancy, pressure differences, conduction or natural heat convection to accomplish safety functions without requiring an active power source. Many older common reactor designs use passive safety systems to a limited extent, rather, relying on active safety systems such as diesel powered motors. Some newer reactor designs feature more passi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Waste
Radioactive waste is a type of hazardous waste that contains radioactive material. Radioactive waste is a result of many activities, including nuclear medicine, nuclear research, nuclear power generation, rare-earth mining, and nuclear weapons reprocessing. The storage and disposal of radioactive waste is regulated by government agencies in order to protect human health and the environment. Radioactive waste is broadly classified into low-level waste (LLW), such as paper, rags, tools, clothing, which contain small amounts of mostly short-lived radioactivity, intermediate-level waste (ILW), which contains higher amounts of radioactivity and requires some shielding, and high-level waste (HLW), which is highly radioactive and hot due to decay heat, so requires cooling and shielding. In nuclear reprocessing plants about 96% of spent nuclear fuel is recycled back into uranium-based and mixed-oxide (MOX) fuels. The residual 4% is minor actinides and fission products the latter of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Safety And Security
Nuclear safety is defined by the International Atomic Energy Agency (IAEA) as "The achievement of proper operating conditions, prevention of accidents or mitigation of accident consequences, resulting in protection of workers, the public and the environment from undue radiation hazards". The IAEA defines nuclear security as "The prevention and detection of and response to, theft, sabotage, unauthorized access, illegal transfer or other malicious acts involving nuclear materials, other radioactive substances or their associated facilities". This covers nuclear power plants and all other nuclear facilities, the transportation of nuclear materials, and the use and storage of nuclear materials for medical, power, industry, and military uses. The nuclear power industry has improved the safety and performance of reactors, and has proposed new and safer reactor designs. However, a perfect safety cannot be guaranteed. Potential sources of problems include human errors and external e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power Plant
A nuclear power plant (NPP) is a thermal power station in which the heat source is a nuclear reactor. As is typical of thermal power stations, heat is used to generate steam that drives a steam turbine connected to a generator that produces electricity. , the International Atomic Energy Agency reported there were 422 nuclear power reactors in operation in 32 countries around the world, and 57 nuclear power reactors under construction. Nuclear plants are very often used for base load since their operations, maintenance, and fuel costs are at the lower end of the spectrum of costs. However, building a nuclear power plant often spans five to ten years, which can accrue to significant financial costs, depending on how the initial investments are financed. Nuclear power plants have a carbon footprint comparable to that of renewable energy such as solar farms and wind farms, and much lower than fossil fuels such as natural gas and brown coal. Despite some spectacu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fukushima Daiichi Nuclear Disaster
The was a nuclear accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima, Japan. The proximate cause of the disaster was the 2011 Tōhoku earthquake and tsunami, which occurred on the afternoon of 11 March 2011 and remains the most powerful earthquake ever recorded in Japan. The earthquake triggered a powerful tsunami, with 13–14-meter-high waves damaging the nuclear power plant's emergency diesel generators, leading to a loss of electric power. The result was the most severe nuclear accident since the Chernobyl disaster in 1986, classified as level seven on the International Nuclear Event Scale (INES) after initially being classified as level five, and thus joining Chernobyl as the only other accident to receive such classification. While the 1957 explosion at the Mayak facility was the second worst by radioactivity released, the INES ranks incidents by impact on population, so Chernobyl (335,000 people evacuated) and Fukushima (154,000 evacu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power In Japan
Prior to the 2011 Tōhoku earthquake and tsunami, Japan had generated 30% of its electrical power from nuclear reactors and planned to increase that share to 40%. Nuclear power energy was a national strategic priority in Japan. , of the 54 nuclear reactors in Japan, there were 42 operable reactors but only 9 reactors in 5 power plants were actually operating. A total of 24 reactors are scheduled for decommissioning or are in the process of being decommissioned. Others are in the process of being reactivated, or are undergoing modifications aimed to improve resiliency against natural disasters; Japan's 2030 energy goals posit that at least 33 will be reactivated by a later date. Though all of Japan's nuclear reactors successfully withstood shaking from the Tohoku earthquake, flooding from the ensuing tsunami caused the failure of cooling systems at the Fukushima I Nuclear Power Plant on 11 March 2011. Japan's first-ever nuclear emergency was declared, and 140,000 residents wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
