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Energy Policy
Article
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Energy Policy
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Cost overruns and financial risk in the construction of nuclear power reactors: A critical appraisal

Authors: Benjamin K. Sovacool; Benjamin K. Sovacool; Philip Johnstone; Andrew Stirling; Alexander Q. Gilbert;

Cost overruns and financial risk in the construction of nuclear power reactors: A critical appraisal

Abstract

Lovering and colleagues attempt to advance understanding of construction cost escalation risks inherent in building nuclear reactors and power plants, a laudable goal. Although we appreciate their focus on capital cost increases and overruns, we maintain in this critical appraisal that their study conceptualizes cost issues in a limiting way. Methodological choices in treating different cost categories by the authors mean that their conclusions are more narrowly applicable than they describe. We also argue that their study is factually incorrect in its criticism of the previous peer-reviewed literature. Earlier work, for instance, has compared historical construction costs for nuclear reactors with other energy sources, in many countries, and extending over several decades. Lastly, in failing to be transparent about the limitations of their own work, Lovering et al. have recourse to a selective choice of data, unbalanced analysis, and biased interpretation.

Countries
Denmark, United Kingdom
Related Organizations
Keywords

Atomic energy, Construction cost overrun, Nuclear energy, Nuclear power

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    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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    influence
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
50
Top 10%
Top 10%
Top 10%
Green
bronze