Help is at hand. SR radio news reported this morning that the closure of eight German nuclear power stations is expected to push up the price of carbon dioxide indulgencies by roughly £4.50 per metric tons of CO2. That's good news, isn't it.
But the German economic growth is supposed to save the euro. Hm, something does not quite compute. Well, I guess they have a solution for that as well. Or maybe not....
Even more amusingly the French Socialists and Greens have got together and made a pact about nuclear energy to ensure the election of Francios Hollande as President next year.http://online.wsj.com/article/SB1000142 ... 82158.html
WSJ article wrote:
PARIS—France's opposition Green and Socialist parties sealed an electoral alliance over the weekend, saying they would reduce the country's longstanding reliance on nuclear energy if they have an opportunity to form a coalition government after the spring 2012 presidential election.
The alliance came after weeks of tumultuous negotiations because Eva Joly, the Green party's presidential candidate, and François Hollande, who won the Socialist Party nomination last month and leads in opinion polls, have diverging views on the issue.
Ms. Joly and the Greens are lobbying for quickly phasing out what they regard as a "dangerous" industry. The Socialist Party, which strongly supported France's shift to nuclear from fossil fuels in the 1970s, is now more nuanced on the merits of atomic power. Mr. Hollande has proposed a reduction of nuclear's share in France's energy mix to 50% from 75%.
What might this mean in practise:-
WSJ article wrote:
Under the weekend pact, which was endorsed by the Greens on Saturday, France would reduce its reliance on nuclear through the gradual shutdown of 24 reactors, starting with the immediate closing of the country's oldest ones in Fessenheim, near the border with antinuclear Germany.
French power company Electricité de France SA, which runs the country's 58 reactors, says closing half of them would result in 300,000 job losses, according to a spokeswoman for the company. French think tank Institut Montaigne said the Green-Socialist plan to close 24 reactors would cost €120 billion ($162 billion).
Yet, the Socialist Party candidate, Mr. Hollande, said the country was too reliant on a single energy source and should do more to bulk up its renewable-energy industry.
With economic growth stagnating, France's triple-A debt rating under close scrutiny, and consumer purchasing power weakening, some analysts say that even if Mr. Hollande won next year's election, reducing France's dependence on nuclear could prove too costly to immediately implement.
Interesting. How many European countries rely on French nuclear power to cover peak demand. If there is no spare capacity in France we could be looking at brownouts across Europe, say when a high pressure zone settles over the continent in the middle of winter. My impression is that even the closure of one plant permanently might be enough to tip the balance. These people don't want an economy do they?