TITLE

To nuke or not to nuke -- that is the question

PUB. DATE
September 2004
SOURCE
Power Economics;9/28/2004, Vol. 8 Issue 9, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This articles explores the viability of nuclear power as an energy source. A new study carried out at Rice University says that nuclear power was a good thing. It contributes to Japan's energy security by reducing the economic impact of an oil price shock. The study estimates that in the absence of nuclear power, the cumulative impact of a single oil price shock, in the form of a 25 per cent change in oil prices, could result in a loss of up to $18.2 billion in gross domestic product. While the study calculates a clear value to energy security of nuclear power in Japan, it also demonstrates that fuel diversity is important to keeping electricity prices low and maintaining system stability.
ACCESSION #
14730144

 

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