Renewables Energies versus Nuclear Power – Comparing Financial Support

on Dec 9, 2014 in Forschung, Resch

RESvsNUC

Renewables Energies versus Nuclear Power – Comparing Financial Support


Project description:

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 our money should be invested in order to achieve greater economic efficiency: into support for renewable energies (RE) or support for nuclear power plants?

This paper sets out to answer this question. The detailed model-based prospective scenario assessment performed in this study provides the basis for estimating future cost developments. After discussing the existing support schemes for renewables, the paper compares these with a nuclear model. The recent state aid case for the construction of the nuclear power plant Hinkley Point in United Kingdom serves as the model for the nuclear option.

A recent study commissioned by the Vienna Ombuds Office for Environmental Protection (Wiener Umweltanwaltschaft), conducted by e-think in cooperation with the Austrian Institute of Ecology.

Client: Vienna Ombuds Office for Environmental Protection (Wiener Umweltanwaltschaft)

Project partner: Austrian Institute of Ecology

Start: 04/2014

Duration: 10 months

Status: Completed

Contact: Gustav Resch

Download: Renewable Energy versus Nuclear Power (Full Report)

Fotocredit: Gustav Resch / e-think