Calamity Driven Environmental Investment – A Case of Fukushima Nuclear Disaster
A quiet morning walk along serene beach of Matsushima, Miyagi Prefecture, Eastern Japan, turns into a
nightmare. Waves after waves of Tsunami caused by a magnitude 9.0 earthquake plucked droves of people and properties
along a stretch of 500 kilometers of pacific shores of Eastern Japan. Stuck somewhere in the middle of the stretch of
coastline lies Fukushima nuclear power plant with its now shut down six nuclear reactors. Triggered by tsunami, the nuclear
reactors were destroyed one by one causing enormous damage to livelihood and properties both on land and to marine life.
Estimated financial loss surpassed an estimated 500 billion US dollars and is still rising. A bleak picture it seems, however, a
blessing in disguise emerged as a nationwide realization set resulting in a push for greener and sustainable sources of energy
for the nation. National as well as regional policies and action plans resulted in a number of programs to promote investment
into alternate energy production and distribution initiatives. The paper underscoring the financial costs of Fukushima
calamity, attempts to recapture resultant investment into environment friendly sources of energy in Japan. The neural
network based impact assessment model adopted for analysis in the paper is a unique approach with a modular sustainability
mechanism imbedded within its nodes and neurons. The model’s dexterity and adaptability has a potential for application
into other calamity based investment initiatives too.