Economical analysis of an alternative strategy for CO<inf>2</inf> mitigation based on nuclear power

Gustavo Alonso, Edmundo del Valle

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

Many countries are pursuing greenhouse gas (GHG) mitigation policies resulting in the increase of use of renewable sources in the electricity sector to mitigate CO2 emissions. Nuclear energy is a non-emitting CO2 source that could be used as part of that policy. However, its main drawback is the high investment required for its deployment. On the other hand, wind power is the clean source preferred option to mitigate CO2 emissions. However, due to its intermittence backup power is needed, in most of the cases it must be provided with combined cycle thermal plants using natural gas. This study performs an economical comparison of a hypothetical implementation of a nuclear strategy to meet the same CO2 emissions reduction goal that has been obtained by the actual Spaniard strategy (2005-2010) based on wind power. The investment required in both strategies is assessed under different investment scenarios and electricity production conditions for nuclear power. Also, the cost of electricity generation is compared for both strategies. © 2013 Elsevier Ltd.
Original languageAmerican English
Pages (from-to)66-76
Number of pages58
JournalEnergy
DOIs
StatePublished - 1 Apr 2013

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Electricity
Nuclear energy
Wind power
Natural Gas
Nuclear Energy
Greenhouse gases
Natural gas
Hot Temperature
Gases
Costs and Cost Analysis
Costs

Cite this

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abstract = "Many countries are pursuing greenhouse gas (GHG) mitigation policies resulting in the increase of use of renewable sources in the electricity sector to mitigate CO2 emissions. Nuclear energy is a non-emitting CO2 source that could be used as part of that policy. However, its main drawback is the high investment required for its deployment. On the other hand, wind power is the clean source preferred option to mitigate CO2 emissions. However, due to its intermittence backup power is needed, in most of the cases it must be provided with combined cycle thermal plants using natural gas. This study performs an economical comparison of a hypothetical implementation of a nuclear strategy to meet the same CO2 emissions reduction goal that has been obtained by the actual Spaniard strategy (2005-2010) based on wind power. The investment required in both strategies is assessed under different investment scenarios and electricity production conditions for nuclear power. Also, the cost of electricity generation is compared for both strategies. {\circledC} 2013 Elsevier Ltd.",
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Economical analysis of an alternative strategy for CO<inf>2</inf> mitigation based on nuclear power. / Alonso, Gustavo; Valle, Edmundo del.

In: Energy, 01.04.2013, p. 66-76.

Research output: Contribution to journalArticle

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