Deutsche Bank Report: “Shutting down nuclear is inconceivable as a serious policy.”

Germany’s plan to phase out nuclear energy will make it miss its CO2 emission targets, raise electricity prices, cause more blackouts and "dramatically" increase Berlin’s dependence on imported Russian gas, an independent study has warned.

The 60-page paper by Deutsche Bank is a serious indictment of chancellor Angela Merkel’s decision, despite personal misgivings, to stick to the phase-out deal agreed by the previous government in 2000.

[...]

The paper also highlights the quandary facing the chancellor, who would have to choose between the three key goals of Germany’s energy policy – to reduce emissions, to cut reliance on Russian fossil fuel, and to keep energy prices in check.

“Shutting down nuclear is inconceivable as a serious policy,” Mark Lewis, energy analyst and author of the report, said. “It will mean missing your carbon emission targets and lead to gas-powered plants replacing today’s nuclear plants.”

Gotta love the "stunning indictment" language -- as if Merkel is in a position to fracture her coalition government with her socialist partners over the issue. Instead, what the FT story fails to recognize is how Merkel seems to be engaging in a perfect "rope-a-dope" strategy, letting her enemies exhaust themselves as the economic and environmental evidence supporting the nuclear case continues to pile up.

Technorati tags: Nuclear Energy, Nuclear Power, Environment, Energy, Politics, Economics, Electricity, Germany, Natural Gas, Russia, Climate Change, GHG, Global Warming

Comments

Making Clouds for a Living

Donell Banks works at Southern Nuclear’s Plant Vogtle units 3 and 4 as a shift supervisor in Operations, but is in the process of transitioning to his newly appointed role as the daily work controls manager. He has been in the nuclear energy industry for about 11 years.

I love what I do because I have the unique opportunity to help shape the direction and influence the culture for the future of nuclear power in the United States. Every single day presents a new challenge, but I wouldn't have it any other way. As a shift supervisor, I was primarily responsible for managing the development of procedures and programs to support operation of the first new nuclear units in the United States in more than 30 years. As the daily work controls manager, I will be responsible for oversight of the execution and scheduling of daily work to ensure organizational readiness to operate the new units.

I envision a nuclear energy industry that leverages the technology of today to improve efficiency…

Why America Needs the MOX Facility

If Isaiah had been a nuclear engineer, he’d have loved this project. And the Trump Administration should too, despite the proposal to eliminate it in the FY 2018 budget.

The project is a massive factory near Aiken, S.C., that will take plutonium from the government’s arsenal and turn it into fuel for civilian power reactors. The plutonium, made by the United States during the Cold War in a competition with the Soviet Union, is now surplus, and the United States and the Russian Federation jointly agreed to reduce their stocks, to reduce the chance of its use in weapons. Over two thousand construction workers, technicians and engineers are at work to enable the transformation.

Carrying Isaiah’s “swords into plowshares” vision into the nuclear field did not originate with plutonium. In 1993, the United States and Russia began a 20-year program to take weapons-grade uranium out of the Russian inventory, dilute it to levels appropriate for civilian power plants, and then use it to produce…

Nuclear: Energy for All Political Seasons

The electoral college will soon confirm a surprise election result, Donald Trump. However, in the electricity world, there are fewer surprises – physics and economics will continue to apply, and Republicans and Democrats are going to find a lot to like about nuclear energy over the next four years.

In a Trump administration, the carbon conversation is going to be less prominent. But the nuclear value proposition is still there. We bring steady jobs to rural areas, including in the Rust Belt, which put Donald Trump in office. Nuclear plants keep the surrounding communities vibrant.

We hold down electricity costs for the whole economy. We provide energy diversity, reducing the risk of disruption. We are a critical part of America’s industrial infrastructure, and the importance of infrastructure is something that President-Elect Trump has stressed.

One of our infrastructure challenges is natural gas pipelines, which have gotten more congested as extremely low gas prices have pulled m…

NEI Nuclear Notes

Search This Blog