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Coordination Under Uncertain Conditions: An Analysis of the Fukushima Catastrophe

dc.contributor.authorMasahiko Aoki
dc.contributor.authorGeoffrey Rothwell
dc.date.accessioned2015-04-10T10:17:17Z
dc.date.available2015-04-10T10:17:17Z
dc.date.issued2011-10-15
dc.identifier.urihttp://hdl.handle.net/11540/3904
dc.description.abstractThis paper analyzes the impacts of the 11 March 2011 earthquake and tsunami at the Fukushima nuclear power plant in Japan, which were amplified by a failure of coordination across the plant, corporate, industrial, and regulatory levels, resulting in a nuclear catastrophe, comparable in cost to Chernobyl. It derives generic lessons for industrial structure and regulatory frame of the electric power industry by identifying the two shortcomings of a horizontal coordination mechanism: instability under large shock and the lack of “defense in depth.” The suggested policy response is to harness the power of “open-interface-rule-based modularity” by creating an independent nuclear safety commission and an independent system operator owning the transmission grids in Japan. We propose a transitory price mechanism that can restrain price volatility while providing investment incentives.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleCoordination Under Uncertain Conditions: An Analysis of the Fukushima Catastrophe
dc.typeWorking Papers
dc.subject.expertCommercial Energy
dc.subject.expertEnergy Economics
dc.subject.expertEnergy Technology
dc.subject.expertHousehold Energy Consumption
dc.subject.expertIndustrial Energy Consumption
dc.subject.expertPrimary Energy
dc.subject.expertResults-Based Monitoring And Evaluation
dc.subject.expertProject Evaluation & Review Technique
dc.subject.expertEvaluation Techniques
dc.subject.expertEvaluation Methods
dc.subject.expertEvaluation Criteria
dc.subject.adbDomestic Energy
dc.subject.adbEnergy Demand
dc.subject.adbEnergy Prices
dc.subject.adbEnergy Pricing Policy
dc.subject.adbEnergy Supply
dc.subject.adbPrimary Energy Supply
dc.subject.adbDevelopment Indicators
dc.subject.adbSocial Participation
dc.subject.adbLow Income Groups
dc.subject.adbIncome Generation
dc.subject.adbNewly Industrializing Countries
dc.subject.adbInput output analysis
dc.subject.adbCost benefit analysis
dc.subject.adbNeeds assessment
dc.subject.adbEconomic evaluation
dc.subject.adbEnergy Industries
dc.subject.naturalElectric power
dc.subject.naturalEnergy development
dc.subject.naturalPower supply
dc.subject.naturalElectric power consumption
dc.subject.naturalPrice
dc.subject.naturalConsumer
dc.subject.naturalConsumption
dc.subject.naturalSupply and demand
dc.subject.naturalElectric power plant
dc.subject.naturalPower
dc.subject.naturalEnergy consumption
dc.subject.naturalRisk assessment
dc.title.seriesADBI Working Paper Series
dc.title.volume316
dc.contributor.imprintAsian Development Bank
oar.themeEnergy
oar.themeEvaluation
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-004071
oar.authorAoki, Masahiko
oar.authorRothwell, Geoffrey
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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