Perspective Chapter: The Cost of Energy Independence
To reduce potential exposure to economic fluctuations and dependence on extra-territorial energy sources, some European Union (EU) member states are exploring energy diversification as a path to energy independence, economic vitality and national security. Nuclear power is a leading alternative ener...
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| Main Author: | |
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| Format: | Book Chapter |
| Language: | English |
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IntechOpen
2023
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| Online Access: | https://www.intechopen.com/chapters/86034 |
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| Summary: | To reduce potential exposure to economic fluctuations and dependence on extra-territorial energy sources, some European Union (EU) member states are exploring energy diversification as a path to energy independence, economic vitality and national security. Nuclear power is a leading alternative energy source which may enable the EU to weather and potentially avert energy insecurity crises, including ones arising out of or related to political crises, collective action by oil-producing nations, global oil demand, and oil price fluctuations. Although nuclear power may be a long-term energy solution, the risks and cost trajectories deter many EU member states from nuclear power plant construction due to operation, maintenance and security costs. This chapter considers some key costs and potential options to reduce costs. |
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| ISBN: | 978-1-83768-769-5 |
| DOI: | 10.5772/intechopen.110016 |