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Economic effects of a nuclear-phase out policy: A CGE analysis

Lucas Bretschger, Lin Zhang and Roger Ramer

No 12/167, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: The paper investigates the long-run consequences of a phase-out of nuclear energy for the Swiss economy. We apply the CITE model, a CGE model with fully endogenous growth, and complement it with a bottom-up model. We find that the nuclear phase-out can be achieved at relatively low costs, even when the expansion capacities of other technologies are limited. Consumer welfare decreases by 0.4% at the maximum compared to business as usual. Our results show that an economy can cope well with ambitious energy policies through sufficient innovation. Economic growth is not slowed down significantly. The phase-out policy contributes to a structural shift in favor of innovative, energy extensive sectors. It does not work against the climate policy goals but rather accelerates the transition to a less energy-dependent economy.

Keywords: Energy and growth; nuclear phase out; CGE model; induced innovation (search for similar items in EconPapers)
JEL-codes: C68 O41 Q43 Q48 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2012-08
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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