Plus   Neg

Japan Joins Convention On Supplementary Compensation For Nuclear Damage

Japan has submitted its instrument of acceptance to the Convention on Supplementary Compensation for Nuclear Damage (CSC), an important international instrument relating to liability and compensation for damage caused by a nuclear accident, triggering its entry into force.

The Convention now has 19 Signatories and six Contracting States. With Japan joining the Convention, it will enter into force on 15 April 2015. The adherence of at least five States with a minimum of 400 000 units of installed nuclear capacity was required to bring the Convention into force, which has now been met.

The Permanent Representative of Japan to the IAEA, Ambassador Mitsuru Kitano signed and delivered the instrument of acceptance to IAEA Director General Yukiya Amano on Thursday.

Congratulating the Government of Japan, Amano said that this depositary action marks an important occasion, "as it paves the way for the Convention to enter into force three months from now, on 15 April."

"The use of nuclear power looks set to continue to grow throughout the world in the coming decades and it is important to have adequate compensation schemes in place," he added.

The Convention has two main objectives. The first is to establish a global nuclear liability regime in which all States may participate. Accordingly, the Convention is open not only to States that are party to an existing nuclear liability convention, but also to other States, provided that their national legislation is consistent with uniform rules on civil liability laid down in the Annex to the Convention.

The Convention also aims to increase the amount of compensation available in the event of a nuclear incident by establishing a minimum national compensation amount and an international fund, to which Contracting Parties will be expected to contribute in the event of a nuclear accident.

For comments and feedback contact: editorial@rttnews.com

Political News

Follow RTT