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The Role of Nuclear Power in Sustainability of the Electricity Sector

Received: 17 March 2023     Accepted: 21 June 2023     Published: 6 July 2023
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Abstract

Energy is the basic building block of all sectors of modern economic growth and is considered a basic factor of production, including capital and labor. However, energy consumption has become a crucial aspect of the economic growth (GDP) of any nation. Due to the rapid growth of the global economy, energy consumption is rapidly increasing because of globalization and industrialization. Most of this demand is fulfilled through fossil fuel energy sources: coal consumption (CC, 38%), and oil consumption (OC, 23%) globally. Fossil fuel combustion is the primary cause of global warming, which has resulted in greenhouse gas (GHG) emissions, with carbon dioxide (CO2) being the most significant contributor to environmental pollution. Growing concerns including rapid climate change, environmental degradation, and requirements for clean energy justice, have become human rights issues globally. However, ecologists and energy economists are urging policymakers to shift their energy usage toward clean energy sources (renewable and nuclear) to address the environmental and health challenges. In this regard, the use of nuclear energy and renewable energy plays a crucial role in CO2 emission reductions as well as establishing substantial economic and socioeconomic benefits. Globally, both nuclear and renewable energy sources are important for controlling energy security and pollution emission. Renewable energy and nuclear energy may have an adverse influence on CO2 emission, an effect that is beneficial to the atmosphere.

Published in American Journal of Environmental and Resource Economics (Volume 8, Issue 2)
DOI 10.11648/j.ajere.20230802.11
Page(s) 19-27
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Economic Growth, Sustainability, Nuclear Energy, Technological Innovation, Job Creation

References
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[3] Sofu, T. (2018, January). A roadmap for nuclear energy technology. In AIP Conference Proceedings (Vol. 1924, No. 1, p. 020004). AIP Publishing. pp 1-12.
[4] Udoka Nwaneto, Peter Udenze et al, (August 2018) Economic implications of renewable energy transition in Nigeria Conference: IEEE International Conference on the Industrial and Commercial Use of Energy At: Cape Town, South Africa. pp1-9.
[5] Kavvadias, K. C., & Khamis, I. (2014). Sensitivity analysis and probabilistic assessment of seawater desalination costs fueled by nuclear and fossil fuel. Energy Policy, 74, S24-S30.
[6] Quek, A., Ee, A., Ng, A., & Wah, T. Y. (2018). Challenges in Environmental Sustainability of renewable energy options in Singapore. Energy policy, 122, 388-394.
[7] Bunn, M., & Kovchegin, D. (2017). Nuclear security in Russia: can progress be sustained?. The Nonproliferation Review, 24 (5-6), 527-551.
[8] Evangelos Grigoroudis, Vassilis Kouikoglou et al., (January 2017) Energy Sustainability of Countries, In book: Renewable and Alternative Energy: Concepts, Methodologies, Tools, and Applications, pp99.
[9] Alexander Ochs, Ieva Indriunaite (October 2018), Raising climate ambition through long-term energy sector plans and sound participatory processes, Affiliation: Bundesministerium für Umwelt, Naturschutz und Reaktorsicherheit. Pp1-7.
[10] Alam, F., Sarkar, R., & Chowdhury, H. (2019). Nuclear power plants in emerging economies and human resource development: A review. Energy Procedia, 160, 3-10.
[11] Liang, Y., Yu, B., & Wang, L. (2019). Costs and benefits of renewable energy development in China's power industry. Renewable Energy, 131, 700-712.
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[13] Proskuryakova, L. (2018). Updating energy security and environmental policy: Energy security theories revisited. Journal of environmental management, 223, 203-214.
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[15] Mangla, S. K., Luthra, S., Jakhar, S., Gandhi, S., Muduli, K., & Kumar, A. (2020). A step to clean energy-Sustainability in energy system management in an emerging economy context. Journal of Cleaner Production, 242, 118462.‏
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  • APA Style

    Abeer Mohamed Abdel Razek Youssef. (2023). The Role of Nuclear Power in Sustainability of the Electricity Sector. American Journal of Environmental and Resource Economics, 8(2), 19-27. https://doi.org/10.11648/j.ajere.20230802.11

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    ACS Style

    Abeer Mohamed Abdel Razek Youssef. The Role of Nuclear Power in Sustainability of the Electricity Sector. Am. J. Environ. Resour. Econ. 2023, 8(2), 19-27. doi: 10.11648/j.ajere.20230802.11

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    AMA Style

    Abeer Mohamed Abdel Razek Youssef. The Role of Nuclear Power in Sustainability of the Electricity Sector. Am J Environ Resour Econ. 2023;8(2):19-27. doi: 10.11648/j.ajere.20230802.11

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  • @article{10.11648/j.ajere.20230802.11,
      author = {Abeer Mohamed Abdel Razek Youssef},
      title = {The Role of Nuclear Power in Sustainability of the Electricity Sector},
      journal = {American Journal of Environmental and Resource Economics},
      volume = {8},
      number = {2},
      pages = {19-27},
      doi = {10.11648/j.ajere.20230802.11},
      url = {https://doi.org/10.11648/j.ajere.20230802.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajere.20230802.11},
      abstract = {Energy is the basic building block of all sectors of modern economic growth and is considered a basic factor of production, including capital and labor. However, energy consumption has become a crucial aspect of the economic growth (GDP) of any nation. Due to the rapid growth of the global economy, energy consumption is rapidly increasing because of globalization and industrialization. Most of this demand is fulfilled through fossil fuel energy sources: coal consumption (CC, 38%), and oil consumption (OC, 23%) globally. Fossil fuel combustion is the primary cause of global warming, which has resulted in greenhouse gas (GHG) emissions, with carbon dioxide (CO2) being the most significant contributor to environmental pollution. Growing concerns including rapid climate change, environmental degradation, and requirements for clean energy justice, have become human rights issues globally. However, ecologists and energy economists are urging policymakers to shift their energy usage toward clean energy sources (renewable and nuclear) to address the environmental and health challenges. In this regard, the use of nuclear energy and renewable energy plays a crucial role in CO2 emission reductions as well as establishing substantial economic and socioeconomic benefits. Globally, both nuclear and renewable energy sources are important for controlling energy security and pollution emission. Renewable energy and nuclear energy may have an adverse influence on CO2 emission, an effect that is beneficial to the atmosphere.},
     year = {2023}
    }
    

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    Y1  - 2023/07/06
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    DO  - 10.11648/j.ajere.20230802.11
    T2  - American Journal of Environmental and Resource Economics
    JF  - American Journal of Environmental and Resource Economics
    JO  - American Journal of Environmental and Resource Economics
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    UR  - https://doi.org/10.11648/j.ajere.20230802.11
    AB  - Energy is the basic building block of all sectors of modern economic growth and is considered a basic factor of production, including capital and labor. However, energy consumption has become a crucial aspect of the economic growth (GDP) of any nation. Due to the rapid growth of the global economy, energy consumption is rapidly increasing because of globalization and industrialization. Most of this demand is fulfilled through fossil fuel energy sources: coal consumption (CC, 38%), and oil consumption (OC, 23%) globally. Fossil fuel combustion is the primary cause of global warming, which has resulted in greenhouse gas (GHG) emissions, with carbon dioxide (CO2) being the most significant contributor to environmental pollution. Growing concerns including rapid climate change, environmental degradation, and requirements for clean energy justice, have become human rights issues globally. However, ecologists and energy economists are urging policymakers to shift their energy usage toward clean energy sources (renewable and nuclear) to address the environmental and health challenges. In this regard, the use of nuclear energy and renewable energy plays a crucial role in CO2 emission reductions as well as establishing substantial economic and socioeconomic benefits. Globally, both nuclear and renewable energy sources are important for controlling energy security and pollution emission. Renewable energy and nuclear energy may have an adverse influence on CO2 emission, an effect that is beneficial to the atmosphere.
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Author Information
  • Department of Economics, Faculty of Commerce, Ain Shams University, Giza, Egypt

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