Costs and Opportunities by Enrica De Cian, Samuel Carrara and Massimo Tavoni Appeared originally at Voxeu.org 22 December 2013 After the Fukushima incident in 2011, many countries decided to shrink their nuclear power programmes. This article presents recent research on the optimal role of nuclear power in reducing carbon emissions. Phasing out nuclear power would …
In the first part of this series, I looked lessons learned from earlier energy transitions. In Part Two, I applied those lessons to the current scene. Here, I look at investments being made in the energy industries and reach conclusions on global warming.
The world has seen a number of major energy transitions: from human and animal labor to burning wood, to burning coal, and then oil. Are we about to see another major change, or will the current renewables enthusiasm turn out to be just a blip on the screen? In this four-part series, I look at what historians and engineers can tell us about past and probable future energy sources. This first article examines the history of energy transitions and suggests lessons for the future. The second piece will focus on the current situation followed by ones on energy financing/investments and global warming.
The economics of increasing nuclear power and reducing coal seem quite doable. Of course, added safety costs based on a post-mortem of Japan may occur.