Deutsche Bank warns on phase-out

[Financial Times, 22 January] A report by Deutsche Bank warns that Germany will miss its carbon dioxide emission targets, face higher electricity prices, suffer more blackouts and "dramatically" increase its dependence on gas imports from Russia as a result of its nuclear phase-out policy. "Shutting down nuclear is inconceivable as a serious policy," said Mark Lewis, author of the report. He added, "It will mean missing your carbon emission targets and lead to gas-powered plants replacing today's nuclear plants." With nuclear providing 25% of Germany's electricity, Deutsche Bank estimates that 42 GWe of new plants will need to be constructed by 2022.

[Financial Times, 22 January] A report by Deutsche Bank warns that Germany will miss its carbon dioxide emission targets, face higher electricity prices, suffer more blackouts and "dramatically" increase its dependence on gas imports from Russia as a result of its nuclear phase-out policy. "Shutting down nuclear is inconceivable as a serious policy," said Mark Lewis, author of the report. He added, "It will mean missing your carbon emission targets and lead to gas-powered plants replacing today's nuclear plants." With nuclear providing 25% of Germany's electricity, Deutsche Bank estimates that 42 GWe of new plants will need to be constructed by 2022.

Further information

Deutsche Bank

WNA Nuclear Power in Germanypaper
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