Black Swan Events
Black Swan events are highly unlikely occurrences that have big repercussions. Despite planning, nuclear power will always be vulnerable to black swan events:
A rare event – especially one that has never occurred – is difficult to foresee, expensive to plan for and easy to discount with statistics. Just because something is only supposed to happen every 10,000 years does not mean that it will not happen tomorrow. Over the typical 40-year life of a plant, assumptions can also change, as they did on September 11, 2001, in August 2005 when Hurricane Katrina struck, and in March after Fukushima.
The list of potential black swan events is "damningly diverse":
Nuclear reactors and their spent-fuel pools are targets for terrorists piloting hijacked planes. Reactors may be situated downstream from dams that, should they ever burst, could unleash biblical floods. Some reactors are located close to earthquake faults or shorelines exposed to tsunamis or hurricane storm surges. Any one of these threats could produce the ultimate danger scenario like the ones that emerges at Three Mile Island and Fukushima – a catastrophic coolant failure, the overheating and melting of the radioactive fuel rods, and the deadly release of radioactive material.
Read more about this topic: Nuclear Safety
Famous quotes containing the words black, swan and/or events:
“The history of progress is written in the blood of men and women who have dared to espouse an unpopular cause, as, for instance, the black man’s right to his body, or woman’s right to her soul.”
—Emma Goldman (1869–1940)
“Old age cannot be cured. An epoch or a civilization cannot be prevented from breathing its last. A natural process that happens to all flesh and all human manifestations cannot be arrested. You can only wring your hands and utter a beautiful swan song.”
—Renee Winegarten (b. 1922)
“Custom, then, is the great guide of human life. It is that principle alone, which renders our experience useful to us, and makes us expect, for the future, a similar train of events with those which have appeared in the past.”
—David Hume (1711–1776)