The Stockholm Environment Institute's Tallinn Centre analysed Estonia's options for achieving climate neutrality by 2050, which included replacing oil shale energy with wind, solar, hydro and nuclear. "Current Camera. Week" examined energy experts' attitudes towards the introduction of nuclear energy.
Fermi Energia, the developer of the nuclear power plant, is convinced that shale energy has already become a second-rate industry in Estonia. Kalev Kallemets, the company's founder, said that as the European Union has set a goal of climate neutrality by 2050, the high taxes simply do not make it worthwhile to generate electricity from polluting oil shale.
"It very much depends on the price of CO2, but if you believe the targets that have been set for climate neutrality, the price that we have today - 25-27 - will probably go up to 40-50. And if there are other sources of generation, they will just push shale and coal-fired generation out of the market," he said.
The price of a CO2 quota has risen fivefold in two years - from €5 to €25. Statistics from Elering, which is responsible for security of supply, show that the last time Estonia's electricity generation was able to meet our consumption was in January.
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