Investigating Long-Term Commitments to Replace Electricity Generation with SMRs and Estimates of Climate Change Impact Costs Using a Modified VENSIM Dynamic Integrated Climate Economy (DICE) Model

During the last few years, nuclear energy has received great attention due to increase in climate change awareness. According Paris agreement, global temperature is be kept below 2 °C and preferably 1.5 by 2050. This approach been substantially confirmed recent COP 26 Glasgow. research investigates effects of integrating SMR power plants (small modular reactors) into Nordhaus Dynamic Integrated Climate Economy (DICE) model for reducing CO2 emissions atmosphere substituting all existing fossil-fueled (FPPP). The software based on VENSIM dynamic systems modeling platform. Simulations were carried out from year 2019 2100 using 10-year increments. Several scenarios thus simulated replacing roughly 70,000 FPPPs operating at this time world. indicate a reduction approximately 12.63% relative initial conditions used 87,830 core units 80 MWe electric each meet such demand. DICE further predicts cost damage impacting upper ocean atmospheric temperatures, deep as USD 1.515 trillion (US Dollar; (US) = 1,000,000,000,000 (1 × 1012)) end century. From modified section model, 1.073 predicted toll human health costs. equal 2.59 loss economy.