Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113737
Authors: 
Aune, Finn Roar
Golombek, Rolf
Hallre, Hilde
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5403
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.
Subjects: 
nuclear power
renewable electricity
CCS
carbon policy
energy modeling
JEL: 
Q28
Q41
Q42
Q48
Q54
Document Type: 
Working Paper

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