Building new nuclear power plants remains an unrealistic strategy for decarbonization due to high cost overruns and lengthy construction times. However, the debate over extending the lifetime of existing nuclear plants in the name of climate neutrality persists.
In response, the European Environmental Bureau (EEB)'s new report under the PAC Scenario shows that the existing nuclear fleet can be phased out alongside fossil fuels as EU countries transition to a drastically more efficient energy system, powered by renewables and backed by flexibility options.
"As renewables grow and energy demand shrinks, nuclear power's role in Europe's energy becomes redundant. Take Spain, where soaring wind, solar, and hydro power have dropped electricity prices and forced energy companies to halt nuclear to avoid financial losses. For times with low wind or sunlight? Flexibility options like storage, demand-side measures and interconnection are better placed than nuclear to complement the energy mix. Increasing costs of maintenance, fuel chain and decommissioning will further incentivise earlier nuclear plant retirements." – Cosimo Tansini, Policy Officer for Renewables at EEB, said.
Building on the Paris Agreement Compatible (PAC) scenario, which outlines a viable path for Europe to reach 100% renewables by 2040, the report examines the combination of drivers displacing nuclear power from the energy mix:
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A sharp energy demand reduction, driven by efficiency and sufficiency measures, optimised demand management and flexibility, alongside the electrification of processes currently relying on fossil fuels.
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A quick renewable energy deployment, whose energy production costs are lower than those of fossil fuels and nuclear power and whose potential for decarbonisation is higher.
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A mix of flexibility options, including cross-border network interconnection, storage and demand-side response, outperform nuclear in terms of cost efficiency and security of supply even when renewables production fluctuates.