World Nuke Spending to Top $1 Trillion Per Decade
June 2011 | Link to original articleHaving contributed to the two definitive studies of U.S. nuclear weapons spending (Brooking's Atomic Audit: The Costs and Consequences of U.S. Nuclear Weapons Since 1940 and Carnegie Endowment's Nuclear Security Spending: Assessing Costs, Examining Priorities) which found that the United States incurred a cost of nearly $6 trillion on its nuclear weapons program from 1940-1996, I cast my net wider to capture the entire world's spending on nukes. The result: a massive amount of money will go down the drain over the next decade.
The 8.5 nuclear weapons countries (North Korea is half-way there) are passing a new milestone this year by collectively spending approximately one hundred billion dollars on their nuclear programs. That tidy sum represents about 9 percent of their total annual military spending.
NPSGlobal Foundation, 21 Nov 2013.
The negotiations between six world powers and Iran for a six-month halt in Iran`s controversial nuclear programs Friday hinged on differences over Iran`s demand that it retain the right to enrich uranium and over the operation of a heavy water reactor, news reports said.
U.S. Secretary of State John Kerry was scheduled to travel to Geneva on Friday in an attempt to help close the negotiations, State Department spokeswoman Jen Psaki said in a written statement.
NTI-Global Security Newswire, 22 Oct 2013.
Denmark has joined Norway in offering to help destroy hundreds of tons of chemical-warfare materials amassed by Syria's embattled government, U.N. Secretary General Ban Ki-moon told reporters on Wednesday.
Yonhap News, 4 Feb 2013.
North Korea exhibited the fuselage of what is presumed to be the long-range rocket it launched in December, and explicitly called it a ballistic missile, despite its claims to the outside world that the Unha-3 was part of its peaceful space development program, a report said Monday.
By Tim Craig and Haq Nawaz Khan, Washington Post, 29 Sept 2013.
A car bomb tore through a centuries-old market in Peshawar on Sunday, killing at least 41 people in the third major attack on the Pakistani city in a week.
World Nuclear News, 21 Oct 2013.
EDF has concluded negotiations with government on the strike price for electricity generated by Hinkley Point C. The financing system will be put to the European Commission this week, said government.
The team in place to build and operate two new EPR units at Hinkley Point C in Britain's county of Somerset will be led by EDF Group with a 45-50% stake. It has letters of intent with China National Nuclear Corporation (CNNC) and China General Nuclear Corporation (CGN) to take 30-40% between them, while reactor designer Areva will take 10% and EDF continues talks with other "interested parties" regarding a potential stake of 15%.
Reuters, 3 Sep 2013.
Canadian uranium exploration company Fission Uranium Corp (FCU.V) said on Tuesday that it agreed to buy Alpha Minerals Inc (AMW.V) in a deal worth about C$185 million ($176 million) in stock, giving Fission full control of a promising uranium deposit.
By Godfrey Marawanyika & Kevin Crowley, Bloomberg, 10 Aug 2013.
Zimbabwe hasn’t signed an agreement allowing uranium exports to Iran, Deputy Mining Minister Gift Chimanikire said, after a media report the country entered into a deal to export the material used to build nuclear weapons.
World Nuclear News, 20 Aug 2013.
The cooling of the reactor cores damaged in March 2011 still requires a constant flow of water, which circulates through the power plant basements. The water becomes radioactive after contact with the cores and is pumped to a storage and treatment facility before recirculation for cooling.
Regional Postgraduate Course in International Security, Disarmament and Non-proliferation
An Excellent Educational Option for 2014!
"Our vision: A World Free of Weapons of Mass Destruction"