by Jerome a Paris
Mon Jan 22nd, 2007 at 10:50:39 AM EST
German nuclear phase-out will hit emission target
Germany’s plan to phase out nuclear energy will make it miss its CO2 emission targets, raise electricity prices, cause more blackouts and "dramatically" increase Berlin’s dependence on imported Russian gas, an independent study [by Deutsche Bank] has warned.
“Shutting down nuclear is inconceivable as a serious policy,” Mark Lewis, energy analyst and author of the report, said. “It will mean missing your carbon emission targets and lead to gas-powered plants replacing today’s nuclear plants.”
(...)
With nuclear providing 25 per cent of Germany’s electricity - and taking into account rising electricity demand and the fossil-fuel plants that are scheduled for replacement - DB calculates that 42 Gigawatt of new plants will need to be built by 2022.
Since lignite and coal-powered plants are highly polluting, most of these would have to be gas-powered. Based on these assumptions, CO2 emissions by the power sector will rise by 16 in the decade from 2010 while Russian gas imports will increase from today’s 35 per cent of the total to 50 per cent.
Aaah... rising electricity demand. We cannot touch that one, can we?
And wind? Not even mentioned. That's so ... yesterday.
An alternative policy, Mr Lewis said, would be to extend the life of nuclear power stations from 32 to 60 years. A special tax on the profits from these plants could be reinvested into research on “capture and storage” technology that makes coal-powered plants clean.
Yummy. More coal. Because renewable energy or savings will not be cheaper than real carbon capture. That cannot be.
But still. Despite his narrow horizon, Mr Lewis has a point.