Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171610
Authors: 
Bretschger, Lucas
Ramer, Roger
Zhang, Lin
Year of Publication: 
2012
Series/Report no.: 
Economics Working Paper Series 12/167
Abstract: 
The paper investigates the long-run consequences of a phase-out of nuclear energy for the Swiss economy. We apply the CITE model, a CGE model with fully endogenous growth, and complement it with a bottom-up model. We find that the nuclear phase-out can be achieved at relatively low costs, even when the expansion capacities of other technologies are limited. Consumer welfare decreases by 0.4% at the maximum compared to business as usual. Our results show that an economy can cope well with ambitious energy policies through sufficient innovation. Economic growth is not slowed down significantly. The phase-out policy contributes to a structural shift in favor of innovative, energy extensive sectors. It does not work against the climate policy goals but rather accelerates the transition to a less energy-dependent economy.
Subjects: 
Energy and growth
nuclear phase out
CGE model
induced innovation
JEL: 
Q43
C68
Q48
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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