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The Cost of Decarbonisation: System Costs with High Shares of Nuclear and Renewables

Cometto, Marco; Keppler, Jan-Horst (2019), The Cost of Decarbonisation: System Costs with High Shares of Nuclear and Renewables, OECD / NEA : Paris, Nuclear Technology Development and Economics, 7299, p. 244. https://basepub.dauphine.psl.eu/handle/123456789/24227

Type
Rapport
Date
2019
Publisher
OECD / NEA
Series title
Nuclear Technology Development and Economics
Series number
7299
Published in
Paris
Pages
244
Metadata
Show full item record
Author(s)
Cometto, Marco
Keppler, Jan-Horst
Laboratoire d'Economie de Dauphine [LEDa]
Abstract (EN)
Under the Paris Agreement, OECD countries agreed to aim for a reduction of their greenhouse gas emissions sufficient to hold the increase in the global average temperature to well below 2°C above pre industrial levels. This commitment requires a massive effort to decarbonise energy and electricity generation, a radical restructuring of the electric power sector and the rapid deployment of large amounts of low-carbon generation technologies, in particular nuclear energy and renewable energies such as wind and solar PV. This study assesses the costs of alternative low-carbon electricity systems capable of achieving strict carbon emission reductions consistent with the aims of the Paris Agreement. It analyses several deep decarbonisation scenarios to reach the same stringent carbon emission target but characterised by different shares of variable renewable technologies, hydroelectric power and nuclear energy.
Subjects / Keywords
Climate change; Decarbonisation; Electricity markets; Energy markets; Fuel cycle economics; Nuclear energy supply; Sustainable development
JEL
Q47 - Energy Forecasting
Q43 - Energy and the Macroeconomy
Q54 - Climate; Natural Disasters and Their Management; Global Warming

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