IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v98y2016icp199-209.html
   My bibliography  Save this article

Is nuclear economical in comparison to renewables?

Author

Listed:
  • Suna, Demet
  • Resch, Gustav

Abstract

The European Union is divided on the issue of electricity production. While there is consensus that generation technologies need to be low on greenhouse gas emissions, the question of whether to use renewables or nuclear to meet this power demand is highly controversial. Both options still require financial support and this is not going to change in the near future. This raises the question of where public money should be invested in order to achieve greater economic efficiency: into support for renewable energies (RE) or support for nuclear power plants?

Suggested Citation

  • Suna, Demet & Resch, Gustav, 2016. "Is nuclear economical in comparison to renewables?," Energy Policy, Elsevier, vol. 98(C), pages 199-209.
    • Handle: RePEc:eee:enepol:v:98:y:2016:i:c:p:199-209
    DOI: 10.1016/j.enpol.2016.08.023
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421516304487
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2016.08.023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lina Escobar Rangel and Francois Leveque, 2015. "Revisiting the Cost Escalation Curse of Nuclear Power: New Lessons from the French Experience," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    2. Zelenika-Zovko, I. & Pearce, J.M., 2011. "Diverting indirect subsidies from the nuclear industry to the photovoltaic industry: Energy and financial returns," Energy Policy, Elsevier, vol. 39(5), pages 2626-2632, May.
    3. Badcock, Jeremy & Lenzen, Manfred, 2010. "Subsidies for electricity-generating technologies: A review," Energy Policy, Elsevier, vol. 38(9), pages 5038-5047, September.
    4. Černoch, Filip & Zapletalová, Veronika, 2015. "Hinkley point C: A new chance for nuclear power plant construction in central Europe?," Energy Policy, Elsevier, vol. 83(C), pages 165-168.
    5. Grubler, Arnulf, 2010. "The costs of the French nuclear scale-up: A case of negative learning by doing," Energy Policy, Elsevier, vol. 38(9), pages 5174-5188, September.
    6. Boccard, Nicolas, 2014. "The cost of nuclear electricity: France after Fukushima," Energy Policy, Elsevier, vol. 66(C), pages 450-461.
    7. François Lévêque & Lina Escobar Rangel, 2015. "Revisiting the Cost Escalation Curse of Nuclear Power Generation: New Lessons from the French Experience," Post-Print hal-01260975, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Magdalena Ligus, 2017. "Evaluation of Economic, Social and Environmental Effects of Low-Emission Energy Technologies Development in Poland: A Multi-Criteria Analysis with Application of a Fuzzy Analytic Hierarchy Process (FA," Energies, MDPI, vol. 10(10), pages 1-20, October.
    2. Sylwia Mrozowska & Jan A. Wendt & Krzysztof Tomaszewski, 2021. "The Challenges of Poland’s Energy Transition," Energies, MDPI, vol. 14(23), pages 1-22, December.
    3. Pilpola, Sannamari & Lund, Peter D., 2018. "Effect of major policy disruptions in energy system transition: Case Finland," Energy Policy, Elsevier, vol. 116(C), pages 323-336.
    4. Mezősi, András & Felsmann, Balázs & Kerekes, Lajos & Szabó, László, 2020. "Coexistence of nuclear and renewables in the V4 electricity system: Friends or enemies?," Energy Policy, Elsevier, vol. 140(C).
    5. Kim, Ju-Hee & Yoo, Seung-Hoon, 2021. "Comparison of the economic effects of nuclear power and renewable energy deployment in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    6. Katarzyna Zawalińska & Jouko Kinnunen & Piotr Gradziuk & Dorota Celińska-Janowicz, 2020. "To Whom Should We Grant a Power Plant? Economic Effects of Investment in Nuclear Energy in Poland," Energies, MDPI, vol. 13(11), pages 1-26, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lovering, Jessica R. & Yip, Arthur & Nordhaus, Ted, 2016. "Historical construction costs of global nuclear power reactors," Energy Policy, Elsevier, vol. 91(C), pages 371-382.
    2. Perrier, Quentin, 2018. "The second French nuclear bet," Energy Economics, Elsevier, vol. 74(C), pages 858-877.
    3. Perrier, Quentin, 2017. "The French Nuclear Bet," ESP: Energy Scenarios and Policy 256058, Fondazione Eni Enrico Mattei (FEEM).
    4. Matsuo, Yuhji & Nei, Hisanori, 2019. "An analysis of the historical trends in nuclear power plant construction costs: The Japanese experience," Energy Policy, Elsevier, vol. 124(C), pages 180-198.
    5. Quentin Perrier, 2017. "The French nuclear bet," CIRED Working Papers halshs-01487296, HAL.
    6. Wealer, B. & Bauer, S. & Hirschhausen, C.v. & Kemfert, C. & Göke, L., 2021. "Investing into third generation nuclear power plants - Review of recent trends and analysis of future investments using Monte Carlo Simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    7. Sascha Samadi, 2016. "A Review of Factors Influencing the Cost Development of Electricity Generation Technologies," Energies, MDPI, vol. 9(11), pages 1-25, November.
    8. Bent Flyvbjerg, 2021. "Four Ways to Scale Up: Smart, Dumb, Forced, and Fumbled," Papers 2101.11104, arXiv.org.
    9. Gerbaulet, Clemens & von Hirschhausen, Christian & Kemfert, Claudia & Lorenz, Casimir & Oei, Pao-Yu, 2019. "European electricity sector decarbonization under different levels of foresight," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 141, pages 973-987.
    10. Samadi, Sascha, 2018. "The experience curve theory and its application in the field of electricity generation technologies – A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2346-2364.
    11. Ben Wealer & Simon Bauer & Leonard Göke & Christian von Hirschhausen & Claudia Kemfert, 2019. "Economics of Nuclear Power Plant Investment: Monte Carlo Simulations of Generation III/III+ Investment Projects," Discussion Papers of DIW Berlin 1833, DIW Berlin, German Institute for Economic Research.
    12. Christian von Hirschhausen, 2017. "Nuclear Power in the Twenty-First Century: An Assessment (Part I)," Discussion Papers of DIW Berlin 1700, DIW Berlin, German Institute for Economic Research.
    13. Child, Michael & Koskinen, Otto & Linnanen, Lassi & Breyer, Christian, 2018. "Sustainability guardrails for energy scenarios of the global energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 321-334.
    14. Elena Verdolini & Laura Díaz Anadón & Erin Baker & Valentina Bosetti & Lara Aleluia Reis, 2018. "Future Prospects for Energy Technologies: Insights from Expert Elicitations," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 133-153.
    15. Sandrine Mathy & Patrick Criqui & Katharina Knoop & Manfred Fischedick & Sascha Samadi, 2016. "Uncertainty management and the dynamic adjustment of deep decarbonization pathways," Climate Policy, Taylor & Francis Journals, vol. 16(sup1), pages 47-62, June.
    16. Choi, Donghyun & Kim, Yeong Jae, 2023. "Local and global experience curves for lumpy and granular energy technologies," Energy Policy, Elsevier, vol. 174(C).
    17. Barry W. Brook & Tom Blees & Tom M. L. Wigley & Sanghyun Hong, 2018. "Silver Buckshot or Bullet: Is a Future “Energy Mix” Necessary?," Sustainability, MDPI, vol. 10(2), pages 1-14, January.
    18. Froese, Sarah & Kunz, Nadja C. & Ramana, M.V., 2020. "Too small to be viable? The potential market for small modular reactors in mining and remote communities in Canada," Energy Policy, Elsevier, vol. 144(C).
    19. Pablo Fernández-Arias & Diego Vergara & Álvaro Antón-Sancho, 2023. "Global Review of International Nuclear Waste Management," Energies, MDPI, vol. 16(17), pages 1-18, August.
    20. Reinhard Haas & Marlene Sayer & Amela Ajanovic & Hans Auer, 2023. "Technological learning: Lessons learned on energy technologies," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 12(2), March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:98:y:2016:i:c:p:199-209. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.