Economic and Environmental Implications of the Nuclear Power Phase-out in Belgium: Insights from Time-Series Models and a Partial Differential Equations Algorithm

By 2025, Belgium will phase-out nuclear power. Unassessed so far, this policy reform may modify the economic and environmental channels through which energy and society interfere in this country. In this paper, we investigate whether this structural energy change may adversely impact the growth of the Belgian economy (i) and its ability to meet its long-term greenhouse gas emission targets (ii). A multivariate model comprising production factors (labor, capital, and exports), nuclear and renewable energy uses, total primary energy supply, economic growth, and CO2 emissions from the power and h... Mehr ...