The Licensing of New Nuclear Power Plants in Europe - After an introduction dealing with the nuclear Renaissance in Europe and the specific situation of Germany and of Italy, the article focuses on the question of licensing processes for new reactors. New nuclear power plant projects involve a substantial investment and electric utilities will only take this decision if the licensing and regulatory risk can be adequately managed. Licensing processes should be predictable and efficient in order to give sufficient assurance to applicants. The article discusses "best practice in licensing" by giving some examples of suitable licensing processes of other countries. It also highlights international initiatives aimed at harmonizing safety requirements for new reactors and a multinational cooperation in reactor design review. These issues should be carefully considered by any country wanting to get new nuclear started.
JEL classification: L52, L50, L78, L71, L94
Key words: Nuclear, licensing, public policy