Nuclear power will develop a very significant cost advantage over both coal and natural gas-fired electricity production as carbon emission costs begin to be applied, according to a study released this week by France's industry ministry.
Looking ahead to 2015 the study calculates that nuclear power is already cheaper to produce, even excluding carbon costs, as long as reactors are kept running almost constantly. The cost advantage swells once carbon costs are included, especially if these come in at a high level such as €20 per tonne of carbon dioxide (CO2).
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