What if Germany had invested in nuclear power? A comparison between the German energy policy the last 20 years and an alternative policy of investing in nuclear power

Abstract

Germany has one of the most ambitious energy transition policies dubbed ‘Die Energiewende’ to replace nuclear- and fossil power with renewables such as wind-, solar- and biopower. The climate gas emissions are reduced by 25% in the study period of 2002 through 2022. By triangulating available information sources, the total nominal expenditures are estimated at EUR 387 bn, and the associated subsidies are some EUR 310 bn giving a total nominal expenditures of EUR 696 bn. Alternatively, Germany could have kept the existing nuclear power in 2002 and possibly invest in new nuclear capacity. The analysis of these two alternatives shows that Germany could have reached its climate gas emission target by achieving a 73% cut in emissions on top of the achievements in 2022 and simultaneously cut the spending in half compared to Energiewende. Thus, Germany should have adopted an energy policy based on keeping and expanding nuclear power.

Keywords

• Barakah
• Energiewende
• Olkiluoto 3
• thermal rest energy
• variable renewable energy (VRE)