The economic future of nuclear power
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Daedalus_JoskowParsons_Final Manuscript 090618.pdf
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Author(s)
Joskow, Paul L.
Parsons, John E.
Date Issued
September 2009
Journal
Daedalus
Publisher
American Academy of Arts and Sciences
Citation
Joskow, Paul L., and John E. Parsons. “The economic future of nuclear power.” Daedalus 138.4 (2009): 45-59.
Version
Author's final manuscript
Abstract
In the last several years we have seen what appears to be revived global interest in
continuing operation of existing nuclear power plants and constructing a new generation
of plants.1 A recent International Atomic Energy Agency (IAEA) report indicates that 24
countries with nuclear power plants are considering policies either to accommodate or
encourage investments in new nuclear power plants, and that 20 countries without
nuclear power today are considering supporting the use of nuclear power to meet future
electricity needs. It projects as much as a 100 percent increase in nuclear generating
capacity by 2030.2 The United States has taken a number of steps to encourage
investment in a new fleet of nuclear power plants. The federal safety review and licensing
process has been streamlined, and a variety of financial incentives for new nuclear plants
are included in the Energy Policy Act of 2005. As of early 2009, license applications for
26 new plants have been filed with the U.S. Nuclear Regulatory Commission (NRC), and
additional applications are likely.3
MIT Department
Massachusetts Institute of Technology. Department of Economics
Sloan School of Management
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Attribution-Noncommercial-Share Alike 3.0 Unported
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DOI of Published Version
http://dx.doi.org/10.1162/daed.2009.138.4.45
