Phasing Out Nuclear Power in Europe

60 Pages Posted: 25 Jun 2015

See all articles by Finn Roar Aune

Finn Roar Aune

Statistics Norway - Research Department

Rolf Golombek

University of Oslo - Frisch Centre

Hilde Hallre

University of Oslo - Ragnar Frisch Centre for Economic Research

Date Written: June 24, 2015

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.

Keywords: nuclear power, renewable electricity, CCS, carbon policy, energy modeling

JEL Classification: Q280, Q410, Q420, Q480, Q540

Suggested Citation

Aune, Finn Roar and Golombek, Rolf and Hallre, Hilde, Phasing Out Nuclear Power in Europe (June 24, 2015). CESifo Working Paper Series No. 5403, Available at SSRN: https://ssrn.com/abstract=2622428 or http://dx.doi.org/10.2139/ssrn.2622428

Finn Roar Aune

Statistics Norway - Research Department ( email )

Kongens Gt. 6
PO Box 8131 Dep
N-0033 Oslo
Norway

Rolf Golombek (Contact Author)

University of Oslo - Frisch Centre ( email )

Gaustadalleen 21
N-0349 Oslo
Norway
+47- 2295 8812 (Phone)

HOME PAGE: http://www.frisch.uio.no/cv/rolfgo_eng.html

Hilde Hallre

University of Oslo - Ragnar Frisch Centre for Economic Research ( email )

Gaustadalleen 21
N-0317 Oslo
Norway

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