Tough Time for Countries Looking to Abolish Nuclear Power
Countries looking to abolish nuclear power are likely to face tough situations in the near future due to their increasing dependency on power for economic development. In wake of the Fukushima accident, some countries have declared a nuclear phase-out. Germany, Belgium and Switzerland have announced the complete closure of nuclear power plants by 2022, 2025 and 2034 respectively. Japan has also temporarily closed down all of its operational reactors except two. The country is also under discussion for a nuclear phase-out.
In all these countries, nuclear power has a major share in power generation. Moving away from nuclear power will hinder them in meeting their power demand. In order to compensate for the lost nuclear capacity, countries will increase their renewable installed capacity and depend more on energy imports. Huge investments in renewable energy sources will make nuclear phase-out a costly affair. Additionally, the coal and gas prices are subject to substantial fluctuations, incurring additional expenses. Generating electricity from renewable energy sources and the price volatility of coal and gas will increase generation costs, ultimately causing an escalation in electricity prices. The removal of nuclear power is also likely to toughen the conditions for meeting carbon reduction targets.
The report focuses on the impact of nuclear power phase out in Belgium, Germany, Switzerland and Japan
Enables to understand the impact of nuclear power phase out in Belgium, Germany, Switzerland and Japan
Specifies the viability of replacing nuclear power capacity by renewable energy technologies
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Understand the impact of the anti nuclear stance on the nuclear industry in Belgium, Germany, Switzerland and Japan
Facilitate decision-making based on countries committment to reduce its carbon emissions
Understand the impact of an increasing dependence on fuel imports on Belgium, Japan and Switzerland