• Title/Summary/Keyword: nuclear economics

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OECD/NEA STUDY ON THE ECONOMICS AND MARKET OF SMALL REACTORS

  • Lokhov, Alexey;Cameron, Ron;Sozoniuk, Vladislav
    • Nuclear Engineering and Technology
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    • v.45 no.6
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    • pp.701-706
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    • 2013
  • According to the OECD/NEA estimates, nuclear power plants (NPPs), whether with a large reactor or with small modular reactors (SMRs), are competitive with many other electricity generation technologies in a significant number of cases, one of the exceptions being natural gas in the USA with the current level of prices. However, SMRs have particular features and requirements setting conditions for their deployment. This paper presents the preliminary analysis by OECD/NEA of the economics, opportunities, and market for small nuclear reactors.

An empirical investigation of nuclear energy consumption and carbon dioxide (CO2) emission in India: Bridging IPAT and EKC hypotheses

  • Danish, Danish;Ozcan, Burcu;Ulucak, Recep
    • Nuclear Engineering and Technology
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    • v.53 no.6
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    • pp.2056-2065
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    • 2021
  • The transition toward clean energy is an issue of great importance with growing debate in climate change mitigation. The complex nature of nuclear energy-CO2 emissions nexus makes it difficult to predict whether or not nuclear acts as a clean energy source. Hence, we examined the relationship between nuclear energy consumption and CO2 emissions in the context of the IPAT and Environmental Kuznets Curve (EKC) framework. Dynamic Auto-regressive Distributive Lag (DARDL), a newly modified econometric tool, is employed for estimation of long- and short-run dynamics by using yearly data spanning from 1971 to 2018. The empirical findings of the study revealed an instantaneous increase in nuclear energy reduces environmental pollution, which highlights that more nuclear energy power in the Indian energy system would be beneficial for climate change mitigation. The results further demonstrate that the overarching effect of population density in the IPAT equation stimulates carbon emissions. Finally, nuclear energy and population density contribute to form the EKC curve. To achieving a cleaner environment, results point out governmental policies toward the transition of nuclear energy that favours environmental sustainability.

NUCLEAR vs COAL ELECTRICITY GENERATION IN CANADA

  • Kugler G.
    • Nuclear industry
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    • v.5 no.11 s.33
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    • pp.39-45
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    • 1985
  • In some parts of Canada, such as Ontario, the choice between nuclear and coal is clear : the economics, environmental, and public health effects all favour nuclear. It is recognized that the economics of coal depend largely on the price of coal, which in

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The role of nuclear energy in the correction of environmental pollution: Evidence from Pakistan

  • Mahmood, Nasir;Danish, Danish;Wang, Zhaohua;Zhang, Bin
    • Nuclear Engineering and Technology
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    • v.52 no.6
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    • pp.1327-1333
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    • 2020
  • The global warming phenomenon emerges from the issue of climate change, which attracts the attention of intellectuals towards clean energy sources from dirty energy sources. Among clean sources, nuclear energy is getting immense attention among policymakers. However, the role of nuclear energy in pollution emissions reduction has remained inconclusive and demand for further investigation. Therefore, the current study contributes to extend knowledge by investigating the nexus between nuclear energy, economic growth, and CO2 emissions in a developing country context such as Pakistan for the period between 1973 and 2017. The auto-regressive distributive lag model summarizes the nuclear energy has negative effect on environmental pollution as it releases carbon emission in the environment. Moreover, vector error correction Granger causality provides evidence for bidirectional causality between nuclear energy and carbon emissions. These interesting findings provide new insight, and policy guidelines provided based on these results.

Evaluating the asymmetric effects of nuclear energy on carbon emissions in Pakistan

  • Majeed, Muhammad Tariq;Ozturk, Ilhan;Samreen, Isma;Luni, Tania
    • Nuclear Engineering and Technology
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    • v.54 no.5
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    • pp.1664-1673
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    • 2022
  • Achieving sustainable development requires an increasing share of green technologies. World energy demand is expected to rise significantly especially in developing economies. The increasing energy demands will be entertained with conventional energy sources at the cost of higher emissions unless eco-friendly technologies are used. This study examines the asymmetric effects of nuclear energy on carbon emissions for Pakistan from 1974 to 2019. Augmented Dickey-Fuller (ADF) and Phillips Perron (PP) unit root tests suggest that variables are integrated of order one and bound test of Autoregressive Distributed Lag (ARDL) and nonlinear ARDL confirm a long-run relationship among selected variables. The ARDL, Fully Modified Ordinary Least Squares (FMOLS), and Dynamic Ordinary Least Squares (DOLS) results show that the coefficient of nuclear energy has a negative and significant impact on emissions in both short and long run. Further, the NARDL finding shows that there exists an asymmetric long-run association between nuclear energy and CO2 emissions. The vector error correction method (VECM) results indicate that there exists a bidirectional causal relationship between nuclear energy and carbon emissions in both the short and long run. Additionally, the impact of nuclear energy on ecological footprint has been examined and our findings remain robust.

The effect of nuclear energy on the environment in the context of globalization: Consumption vs production-based CO2 emissions

  • Danish, Danish;Ulucak, Recep;Erdogan, Seyfettin
    • Nuclear Engineering and Technology
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    • v.54 no.4
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    • pp.1312-1320
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    • 2022
  • The earlier studies have analyzed theoretical links between nuclear energy and carbon dioxide (CO2) emissions concerning territorial (or production-based) emissions. Here using the latest available dataset, this study explores the impacts of nuclear energy on production-based and consumption-based CO2 emission in the era of globalization for the Organization for Economic Co-operation and Development (OECD) countries. The Driscoll-Kraay regression method reveals that nuclear energy is beneficial for the reduction of production-based CO2 emissions. However, it is revealed that nuclear energy does not reduce consumption-based CO2 emissions that are traded internationally and hence not comprised in conventional production-based emissions (territory) inventories. Globalization tends to reduce both production-based and demand-based carbon emissions. Finally, Environmental Kuznets Curve (EKC) is validated for both kinds of CO2 emissions. The findings may deliver practical policy implications related to nuclear energy and CO2 emissions for selected countries.

Is nuclear energy a better alternative for mitigating CO2 emissions in BRICS countries? An empirical analysis

  • Hassan, Syed Tauseef;Danish, Danish;khan, Salah-Ud-Din;Baloch, Muhammad Awais;Tarar, Zahid Hassan
    • Nuclear Engineering and Technology
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    • v.52 no.12
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    • pp.2969-2974
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    • 2020
  • Looking at the recent studies, nuclear energy and carbon dioxide (CO2) emissions nexus shows inconclusive result. To further explain nuclear energy-pollution nexuses this study is an attempt to analyze the impact of nuclear energy on pollution reduction for BRICS countries covering data for the period from 1993 to 2017. This study conducts advanced panel techniques such as Continuously-Updated Fully-Modified (CUP-FM) and Continuously-Updated Bias-Corrected (CUP-BC) for long run estimation. Our results support the notion that nuclear energy reduce CO2 emissions. Also, renewable energy corrects environmental pollution in BRICS countries. The magnitude of the coefficient of nuclear energy is less as compared to renewable energy, implying that nuclear is less effective in reducing environmental pollution. The findings offer significant policy understandings and suggestions not only for BRICS economies but for developing countries as well in designing suitable nuclear energy-growth-carbon policies.

Nuclear energy consumption and CO2 emissions in India: Evidence from Fourier ARDL bounds test approach

  • Ozgur, Onder;Yilanci, Veli;Kongkuah, Maxwell
    • Nuclear Engineering and Technology
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    • v.54 no.5
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    • pp.1657-1663
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    • 2022
  • This study uses data from 1970 to 2016 to analyze the effect of nuclear energy use on CO2 emissions and attempts to validate the EKC hypothesis using the Fourier Autoregressive Distributive Lag model in India for the first time. Because of India's rapidly rising population, the environment is being severely strained. However, with 22 operational nuclear reactors, India boasts tremendous nuclear energy potential to cut down on CO2 emissions. The EKC is validated in India as the significant coefficients of GDP and GDP.2 The short-run estimates also suggest that most environmental externalities are corrected within a year. Given the findings, some policy recommendations abound. The negative statistically significant coefficient of nuclear energy consumption is an indication that nuclear power expansion is essential to achieving clean and sustainable growth as a policy goal. Also, policymakers should enact new environmental laws that support the expansion and responsible use of nuclear energy as it is cleaner than fossil fuels and reduces the cost and over-dependence on oil, which ultimately leads to higher economic growth in the long run. Future research should consider studying the nonlinearities in the nuclear energy-CO2 emissions nexus as the current study is examined in the linear sense.

The Impact of Nuclear Power Generation on Wholesale Electricity Market Price (원자력발전이 전력가격에 미치는 영향 분석)

  • Jung, Sukwan;Lim, Nara;Won, DooHwan
    • Environmental and Resource Economics Review
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    • v.24 no.4
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    • pp.629-655
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    • 2015
  • Nuclear power generation is a major power source which accounts for more than 30% of domestic electricity generation. Electricity market needs to secure stability of base load. This study aimed at analyzing relationships between nuclear power generation and wholesale electricity price (SMP: System Marginal Price) in Korea. For this we conducted ARDL(Autoregressive Distributed Lag) approach and Granger causality test. We found that in terms of total effects nuclear power supply had a positive relationship with SMP while nuclear capacity had a negative relationship with SMP. There is a unidirectional Granger causality from nuclear power supply to SMP while the reverse was not. Nuclear power is closely related to SMP and provides useful information for decision making.