Convention on Supplementary Compensation for Nuclear Damage is underway

The Convention on Supplementary Compensation for Nuclear Damage (CSC), founded in 1997 with the Protocol to Amend the Vienna Convention on Civil Liability for Nuclear Damage, has opened its most recent meeting.

In January, the convention began implementing its standards. Japan has included five other states in the convention’s standards, including Romania, Argentina, Morocco, the United States, and the United Arab Emirates. The convention holds that there must be at least five signatory states with at least 400,000 nuclear units before the CNC can submit a ratification instrument, approval or acceptance with the International Atomic Energy Agency. Then, members can begin enforcing and implementing Japan’s deposit.

The goal of the CSC is to raise the amount of compensation that can be given in the wake of a nuclear accident. The compensation would be made available through public funds and the contracting parties, depending on their installed nuclear capacity and assessment rate with the United Nations. 

The CSC also seeks to create treaty relations among its six members and states involved in the Vienna Convention on Civil Liability for Nuclear Damage, the Paris Convention on Third Party Liability in the Field of Nuclear Energy, or none of the above.