A New Energy Paradigm Ensuring Nuclear Fuel Supply and Nonproliferation through International Collaboration with Insurance and Financial Markets

The views expressed in this paper are those of the authors and publication does not imply their endorsement by the Wharton Risk Center and the University of Pennsylvania. This paper may be reproduced for personal and classroom use. Any other reproduction is not permitted without written permission of the authors. Since its creation 23 years ago, the mission of the Wharton Risk Management and Decision Processes Center has been to carry out a program of basic and applied research to promote effective corporate and public policies for low-probability events with potentially catastrophic consequences. The Risk Center has focused on natural and technological hazards through the integration of risk assessment, risk perception and risk financing with risk management strategies. After 9/11, research activities extended also to national and international security issues (e.g., terrorism risk insurance markets, protection of critical infrastructure, global security). Building on the disciplines of economics, decision sciences, finance, insurance, marketing and psychology, the Center's research program has been oriented around descriptive and prescriptive analyses. Descriptive research focuses on how individuals and organizations interact and make decisions regarding the management of risk under existing institutional arrangements. Prescriptive analyses propose ways that individuals and organizations, both private and governmental, can make better decisions regarding risk. The Center supports and undertakes field and experimental studies of risk and uncertainty to better understand the linkage between descriptive and prescriptive approaches under various regulatory and market conditions. Risk Center research investigates the effectiveness of strategies such as risk communication, information sharing, incentive systems, insurance and regulation. The Center is also concerned with training decision-makers and actively engaging multiple viewpoints, including the expertise of top-level representatives in the world from industry, government, international organizations, interest groups and academics through its research and policy publications and through sponsored seminars, roundtables and forums. and has worked with the American Academy of Arts and Sciences' Global Nuclear Future project. Her research focuses on nuclear proliferation and proposals for reform. Early in her career, Mrs. Decker worked on arms control and foreign aid for U.S. State Department–related agencies. Entering the private sector, she was manager of planning for Europe for Chase Manhattan Bank and then a consultant on strategic planning. Most recently, she has been a national award-winning journalist writing editorials and columns for the Dallas Morning News and other newspapers and journals. She received an MBA from the Wharton School and an MPA from Harvard, where she …