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Phasing out Nuclear Power in Europe

Author

Listed:
  • Finn Roar Aune
  • Rolf Golombek
  • Hilde Hallre

Abstract

We explore the impact of an EU-wide nuclear phase-out by 2030 provided the EU energy and climate policy for 2030 is implemented. Using a numerical simulation model of the European energy industry (LIBEMOD), we find that a complete nuclear phase-out in Europe by 2030 has a moderate impact on total production of electricity (4 percent reduction) and only a tiny impact on total consumption of energy. Lower nuclear production is to a large extent replaced by more gas power and bio power. Whereas the 2030 EU target for the renewable share in final energy demand is (at least) 27 percent, we find that after a nuclear phase-out the renewable share is 29 percent. Total annual cost of a nuclear phase-out corresponds to 0.5 percent of GDP in Europe.

Suggested Citation

  • Finn Roar Aune & Rolf Golombek & Hilde Hallre, 2015. "Phasing out Nuclear Power in Europe," CESifo Working Paper Series 5403, CESifo.
    • Handle: RePEc:ces:ceswps:_5403
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp5403.pdf
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    Citations

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    Cited by:

    1. Brita Bye & Taran Fæhn & Orvika Rosnes, 2015. "Residental energy efficiency and European carbon policies A CGE-analysis with bottom-up information on energy efficiency technologies," Discussion Papers 817, Statistics Norway, Research Department.
    2. Marques, António Cardoso & Junqueira, Thibaut Manuel, 2022. "European energy transition: Decomposing the performance of nuclear power," Energy, Elsevier, vol. 245(C).
    3. Savvidis, Georgios & Siala, Kais & Weissbart, Christoph & Schmidt, Lukas & Borggrefe, Frieder & Kumar, Subhash & Pittel, Karen & Madlener, Reinhard & Hufendiek, Kai, 2019. "The gap between energy policy challenges and model capabilities," Energy Policy, Elsevier, vol. 125(C), pages 503-520.
    4. Ehrenstein, Michael & Galán-Martín, Ángel & Tulus, Victor & Guillén-Gosálbez, Gonzalo, 2020. "Optimising fuel supply chains within planetary boundaries: A case study of hydrogen for road transport in the UK," Applied Energy, Elsevier, vol. 276(C).
    5. de Frutos Cachorro, J. & Willeghems, G. & Buysse, J., 2019. "Strategic investment decisions under the nuclear power debate in Belgium," Resource and Energy Economics, Elsevier, vol. 57(C), pages 156-184.

    More about this item

    Keywords

    nuclear power; renewable electricity; CCS; carbon policy; energy modeling;
    All these keywords.

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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