Department for Business, Enterprise and Regulatory Reform

About: Department for Business, Enterprise and Regulatory Reform is a based out in . It is known for research contribution in the topics: Cost–benefit analysis & Aviation fuel. The organization has 3 authors who have published 2 publications receiving 827 citations.

Nuclear Power (Fission)

Abstract: Publisher Summary This chapter focuses on the costs and benefits associated with investment in new nuclear capacity in the UK. The analysis draws on studies of nuclear costs, including the cost–benefit analysis undertaken for the 2007 UK Energy White Paper. This examines the scope for adding new nuclear capacity given forecast demand and closure of existing generation units, and its costs and the benefits in terms of climate change and security of supply. The chapter also considers the results of a range of independent international studies on the relative costs of nuclear generation. The costs of nuclear will fall with risk, and as financing costs start to fall below 8%, nuclear becomes increasingly viable. Risk and cost may move in this direction following successful demonstration, although it is not clear now whether demonstration will be successful or not. The IEA's scenarios indicate that, while there is significant potential to increase nuclear capacity, this will require, particularly in Europe, strong market signals arising from long-term commitments to reduce carbon emissions. It also points to the need for changes to the regulatory framework to provide greater certainty for investors, while also recognizing that concerns about safety, waste disposal, and proliferation need to be addressed. The IEA's overall conclusion is that where governments are determined to enhance energy security, cut carbon emissions, and mitigate undue pressure on fossil-fuel prices, they may choose to play a role in tackling the obstacles to nuclear power.