nuclear-news

Germany’s nuclear phaseout – financial benefits to farmers, investors, and small business

the nuclear shutdown and an accompanying move toward renewable energy are already
yielding measurable economic and environmental benefits, with one top expert calling the German phase-out a probable game-changer for the nuclear industry worldwide.

 the nuclear phase-out and accompanying shift to renewable energy have brought financial benefits to farmers, investors, and small business;

Bulletin: German nuclear exit delivers economic, environmental
benefits http://www.ecnmag.com/news/2012/11/bulletin-german-nuclear-exit-delivers-economic-environmental-benefits, 11/01/2012  Following the accident at the Fukushima Daiichi Nuclear Power Station in 2011, the German government took the nation’s eight oldest reactors offline immediately and passed legislation that will close the last nuclear power plant by 2022.

This nuclear phase-out had overwhelming political support in Germany. Elsewhere, many saw it as “panic
politics,” and the online business magazine Forbes.com went as far as
to ask, in a headline, whether the decision was “Insane — or Just
Plain Stupid.”

But a special issue of the Bulletin of the Atomic Scientists,
published by SAGE, “The German Nuclear Exit,” shows that the nuclear
shutdown and an accompanying move toward renewable energy are already
yielding measurable economic and environmental benefits, with one top
expert calling the German phase-out a probable game-changer for the
nuclear industry worldwide.

In his overview article, “From Brokdorf to Fukushima: The long journey
to nuclear phase-out,” Princeton researcher Alexander Glaser puts the
German nuclear exit in its historical context, which includes massive,
civil war-like confrontations between antinuclear demonstrators and
police. Because of longstanding public opposition to nuclear power, by
the 1990s few in German political life seriously entertained the idea
of new reactor construction. And, Glaser notes, Germany’s decision
last year to pursue a nuclear phase-out was anything but precipitous;
serious planning to shutter the nuclear industry and greatly expand
alternative energy production began more than a decade ago. “Germany’s
nuclear phase-out could provide a proof-of-concept, demonstrating the
political and technical feasibility of abandoning a controversial
high-risk technology. Germany’s nuclear phase-out, successful or not,
is likely to become a game changer for nuclear energy worldwide,”
Glaser concludes.
Also in the Bulletin’s special issue on “The German Nuclear Exit”:
Freie Universität Berlin politics professor Miranda Schreurs says the
nuclear phase-out and accompanying shift to renewable energy have
brought financial benefits to farmers, investors, and small business;
Felix Matthes of the Institute for Applied Ecology in Berlin concludes
the phase-out will have only small and temporary effects on
electricity prices and the German economy; University of Kassel legal
experts Alexander Rossnagel and Anja Hentschel explain why electric
utilities are unlikely to succeed in suing the government over the
shutdown; and Lutz Mez, co-founder of Freie Universitӓt Berlin’s
Environmental Policy Research Center, presents what may be the most
startling finding of all. The shift to alternative energy sources
being pursued in parallel with the German nuclear exit has reached a
climate change milestone, Mez writes: “It has actually decoupled
energy from economic growth, with the country’s energy supply and
carbon-dioxide emissions dropping from 1990 to 2011, even as its gross
domestic product rose by 36 percent.”

November 2, 2012 - Posted by Christina Macpherson | business and costs, Germany, renewable