Economic consequences of the Swiss 'Sortir du nucleaire' and 'Moratoire-plus' popular initiatives - Analysis using a balanced model

This article is a short version of the ENET number 210359. This report for the Swiss Federal Office of Energy (SFOE) presents the results of a study made to assess the economic consequences of two models for the opting out of nuclear energy in Switzerland, as proposed in two popular initiatives. The 'Sortir du nucleaire' (electricity without atomic power) initiative calls for the shutting down of the existing nuclear power stations and the 'Moratoire-plus' initiative calls for a stop on the building of new atomic power stations for 10 years. The method used for assessing the costs and benefits resulting if the initiatives were accepted in a public vote is described. Basic assumptions made on further factors concerning the electricity and energy markets are discussed. Results of analyses made for various scenarios with respect to CO2 emissions are presented and include discussions on risk costs, effects on employment and welfare aspects