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A critical assessment of energy accident studies

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  • Felder, Frank A.

Abstract

A comparison of two studies conducted ten years apart on energy accidents provides important insights into methodological issues and policy implications. Recommendations for further improvements in energy accident studies are developed including accounting for differences between average and incremental accident damages, testing for appropriate levels of aggregation of accidents, making references and databases publicly available, more precisely defining and reporting different types of economic damages, accounting for involuntary and voluntary risks, reporting normalized damages, raising broader public policy and planning implications and updating existing accident databases.

Suggested Citation

  • Felder, Frank A., 2009. "A critical assessment of energy accident studies," Energy Policy, Elsevier, vol. 37(12), pages 5744-5751, December.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5744-5751
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    References listed on IDEAS

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    1. Felder, Frank A., 2004. "Shining Light, Not Shedding Light," The Electricity Journal, Elsevier, vol. 17(7), pages 51-54.
    2. Rashad, S. M. & Hammad, F. H., 2000. "Nuclear power and the environment: comparative assessment of environmental and health impacts of electricity-generating systems," Applied Energy, Elsevier, vol. 65(1-4), pages 211-229, April.
    3. Sovacool, Benjamin K., 2008. "The costs of failure: A preliminary assessment of major energy accidents, 1907-2007," Energy Policy, Elsevier, vol. 36(5), pages 1802-1820, May.
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    Cited by:

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    2. Hong, Sanghyun & Bradshaw, Corey J.A. & Brook, Barry W., 2014. "Nuclear power can reduce emissions and maintain a strong economy: Rating Australia’s optimal future electricity-generation mix by technologies and policies," Applied Energy, Elsevier, vol. 136(C), pages 712-725.
    3. Scholtens, Bert & Boersen, Arieke, 2011. "Stocks and energy shocks: The impact of energy accidents on stock market value," Energy, Elsevier, vol. 36(3), pages 1698-1702.
    4. Siler-Evans, Kyle & Hanson, Alex & Sunday, Cecily & Leonard, Nathan & Tumminello, Michele, 2014. "Analysis of pipeline accidents in the United States from 1968 to 2009," International Journal of Critical Infrastructure Protection, Elsevier, vol. 7(4), pages 257-269.
    5. Minh Ha-Duong & Rodica Loisel, 2011. "Actuarial risk assessment of expected fatalities attributable to carbon capture and storage in 2050," Post-Print halshs-00487175, HAL.
    6. Sovacool, Benjamin K. & Kryman, Matthew & Laine, Emily, 2015. "Profiling technological failure and disaster in the energy sector: A comparative analysis of historical energy accidents," Energy, Elsevier, vol. 90(P2), pages 2016-2027.
    7. Csereklyei, Zsuzsanna, 2014. "Measuring the impact of nuclear accidents on energy policy," Ecological Economics, Elsevier, vol. 99(C), pages 121-129.
    8. Burgherr, Peter & Hirschberg, Stefan, 2014. "Comparative risk assessment of severe accidents in the energy sector," Energy Policy, Elsevier, vol. 74(S1), pages 45-56.
    9. Petrissa Eckle & Peter Burgherr, 2013. "Bayesian Data Analysis of Severe Fatal Accident Risk in the Oil Chain," Risk Analysis, John Wiley & Sons, vol. 33(1), pages 146-160, January.
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