The Economic and Environmental Importance of Akkuyu Nuclear Power Plant in Turkey

2021 ◽  
pp. 300-319
Author(s):  
Gülsüm Sena Uluer ◽  
Çağatay Çağlayan
Keyword(s):  
Current Account ◽  
Nuclear Power ◽  
Power Plants ◽  
Fossil Fuels ◽  
Current Account Deficit ◽  
Sustainable Energy ◽  
Relevant Literature ◽  
Energy Resource ◽  
Energy Needs ◽  
The Current Account

Turkey's energy consumption grown because Turkish economic volume, industrialization, and population have increased. The way to meet this energy need is to have a sustainable energy resource. Turkey does not have the enough reserves of fossil fuels such as oil and natural gas. Therefore, it is an energy importer country. So, the current account deficit is one of the main problems of the Turkish economy. When it is considered that increase in the importation of fossil fuel costs and these fuels' damages to the environment, Turkey has the need for environmentally friendly and sustainable energy sources. In this context, Turkey plans to meet energy needs with nuclear power plants (NPP). The first NPP will come into operation at Akkuyu location in Mersin with a total installed power of approximately 10,000 MW. Turkey aims to reduce the current account deficit by reducing energy imports. In addition, environmental protection will be ensured as much as provided economic growth. In this study, the importance of Akkuyu NPP for Turkey and relevant literature are investigated.

scholarly journals RECENT SCENARIO OF CURRENT ACCOUNT DEFICIT IN INDIA

2016 ◽  
Vol 4 (5SE) ◽  
pp. 106-112
Author(s):  
Yogambal N
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
Current Scenario ◽  
Balance Of Trade ◽  
The Current Account

Current Account Deficit topic deals with the meaning, the overview of the concept related with current scenario of the balance of trade. Through this paper we can come to know Gross Domestic position till recent date and impact of current account deficit. Just it gives idea whether current account deficit really harmful or good sign. This paper reveals the evaluation of current account deficit and also, reflection in various ways and also the implications of the reversals. It was concluded with few ideas which were shared as the suggestions to overcome the current account deficit.Global trends were analysed to know our country status.

The Effects of Macroprudential Policies on Financial Stability in Developing Countries

2019 ◽  
pp. 92-114
Author(s):  
Sümeyra Gazel
Keyword(s):  
Developing Countries ◽  
Exchange Rate ◽  
Current Account ◽  
Financial Stability ◽  
Current Account Deficit ◽  
Common Factor ◽  
Policy Instruments ◽  
Credit Growth ◽  
Macroprudential Policies ◽  
The Current Account

In this chapter, the concept of financial instability is examined in terms of the policy instruments used by central banks. Although the policy instruments used in each country differ according to the country conditions, it is thought that the common factor among developing countries with a current account deficit problem is exchange rate volatility resulting from excessive credit growth and short-term capital movements. In this context, Argentina, Brazil, Chile, Colombia, Hungary, Indonesia, India, Mexico, Poland, South Africa, and Turkey are examined with regard to the effects of macroprudential policies on financial stability for the period between Q2 of 2006 and Q2 of 2017 by using the time-varying panel causality test developed by Dumitrescu and Hurlin. The results of the analysis indicate that excessive credit growth is a cause of the current account deficit. The same findings are also valid for interest rate. There is no obvious link between the exchange rate and the current account deficit.

The Siren Song of Renewable Energy

2014 ◽  
Author(s):  
Michael H. Fox
Keyword(s):  
Renewable Energy ◽  
Nuclear Power ◽  
Fossil Fuels ◽  
Rocky Mountain ◽  
Electricity Production ◽  
The Sun ◽  
Solar Panels ◽  
Water Heater ◽  
Pv System ◽  
Energy Needs

Renewable energy from the sun—which includes solar, wind, and water energy— can meet all of our energy needs and will allow us to eliminate our dependence on fossil fuels for electricity production. At least, that is the “Siren song” that seduces many people. Amory Lovins, the head of the Rocky Mountain Institute, has been one of the strongest proponents of getting all of our energy from renewable sources (what he calls “soft energy paths”) (1) and one of the most vociferous opponents of nuclear power. A recent article in Scientific American proposes that the entire world’s needs for power can be supplied by wind, solar, and water (2). Is this truly the nirvana of unlimited and pollution-free energy? Can we have our cake and eat it, too? Let’s take a critical look at the issues surrounding solar and wind power. Let me be clear that I am a proponent of solar energy. I built a mountain cabin a few years ago that is entirely off the grid. All of the electricity comes from solar photovoltaic (PV) panels with battery storage. The 24 volt DC is converted to AC with an inverter and is fed into a conventional electrical panel. It provides enough energy to power the lights, run a 240 volt, three-quarter horsepower water pump 320 feet deep in the well, and electrical appliances such as a coffee pot, toaster, and vacuum cleaner. But I am not implying that all of my energy needs come from solar. The big energy hogs—kitchen range, hot water heater, and a stove in the bedroom—are all powered with propane. Solar is not adequate to power these appliances. In 2010 I also had a 2.5 kW solar PV system installed on my house that ties into the utility grid. When the sun is shining, I use the electricity from the solar panels, and if I use less than I generate, it goes out on the grid to other users. If it does not produce enough for my needs, then I buy electricity from the grid.

scholarly journals Preferences for Nuclear Power in Post-Fukushima Japan: Evidence from a Large Nationwide Household Survey

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2938
Author(s):  
Toshihiro Okubo ◽  
Daiju Narita ◽  
Katrin Rehdanz ◽  
Carsten Schroeder
Keyword(s):  
Nuclear Power ◽  
Power Plants ◽  
Fossil Fuels ◽  
Household Survey ◽  
Nuclear Accident ◽  
Psychological Status ◽  
Fukushima Accident ◽  
Public Preferences ◽  
Socioeconomic Characteristics

Utilizing the data of a large nationwide household survey conducted in 2014, we investigate public preferences on nuclear power in Japan after the Fukushima nuclear accident and the role of four sets of factors: (1) household/individual socioeconomic characteristics, (2) psychological status, (3) geographical aspects, and (4) Fukushima accident-related experiences. The preferred energy mix, according to the averaged responses from the survey, includes 0.59 for renewables, 0.29 for fossil fuels, and 0.12 for nuclear—much more skewed towards the renewables than the actual national share of renewables of less than 0.2. Male, older, unmarried, less educated, high-income people, and government party supporters have a preference towards a higher share of nuclear power, except if they live near nuclear power plants. The experience of blackout and aversion to nuclear power during the Great East Japan Earthquake of 2011 lowers the share of nuclear power in the preferred mix.

scholarly journals Implications of the U.S. Current Account Deficit

1989 ◽  
Vol 3 (4) ◽  
pp. 153-165 ◽  
Author(s):  
David H Howard
Keyword(s):  
United States ◽  
Current Account ◽  
Current Account Deficit ◽  
Analytical Framework ◽  
The United States ◽  
Balance Of Payments ◽  
The World ◽  
The U.S ◽  
The Current Account

In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.

Bhutan - Assessment Letter for the World Bank

Policy Papers ◽  
2012 ◽  
Vol 2012 (97) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Current Account ◽  
Current Account Deficit ◽  
Gdp Growth ◽  
Medium Term ◽  
The World Bank ◽  
The World ◽  
The Current Account

Bhutan's growth has remained robust, but the current account deficit has widened. • Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5 percent in 2012/13 due to the acceleration in hydropower-related construction. Inflation has risen, reaching 13.5 percent in 2012Q2, with both food and nonfood components accelerating. Bhutan’s medium-term outlook is favorable, as growth should remain strong at around 8-9 percent over the medium term, driven by developments in the hydropower sector, manufacturing, and domestic services.

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