A stormy future? Financial impact of climate change-related disruptions on nuclear power plant owners

Ali Ahmad, Andrei Covatariu and M.V. Ramana

Utilities Policy, 2023, vol. 81, issue C

Abstract: In recent years, extreme weather events potentially caused by climate change have led to several nuclear power plants being shut down for varying periods, and such unplanned outages will become more frequent in the future. Nuclear plants are already finding it difficult to compete in electricity markets due to the availability of cheaper alternatives. We quantitatively assess the additional impact of such extreme weather events on the finances of plant owners using Western Europe as a case study and draw some policy implications for existing owners and those considering new nuclear plants.

Keywords: Climate disruption; Nuclear plant; Financial loss (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:81:y:2023:i:c:s0957178722001485

DOI: 10.1016/j.jup.2022.101484

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