Safeguards as catastrophic risk management: insights and projections

The system of international agreements designed to prevent the use of nuclear weapons and to control the spread of nuclear weapons, materials and technologies (collectively referred to as the nuclear arms control and nonproliferation regimes) is posited as humanity.s first attempt to mitigate a man-made global catastrophic risk. By extrapolating general principles of government response to risk from the arms control and nonproliferation regimes, a model of international regime building for catastrophic risk mitigation is constructed. This model provides the context for an examination of the system of safeguards implemented by the International Atomic Energy Agency (IAEA), which serves as the nuclear nonproliferation regime.s verification and enforcement mechanism and thereby constitutes the regime's most completely developed discrete mechanism for risk mitigation (a 'system within a system'). An assessment of the history, evolution and effectiveness of the IAEA safeguards system in the context of the regimes-as-risk-mitigation model reveals some general principles for risk-mitigation regimes which are then applied to the safeguards system to identify ways in which it may be strengthened. Finally, the IAEA safeguards system is posited as the prototype verification/enforcement mechanism for future risk mitigation regimes that governments will be compelled to create in the face of new global catastrophic risks that technological advance will inevitably create. (author)