In Japan, energy security fears put nuclear back in favour for 2040 plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2024
0mins
Source: reuters
- Japan's Energy Policy Update:
- Japan is planning to increase nuclear power in its energy policy update to ensure stable electricity supply amidst rising demand and geopolitical risks.
- The country aims to reduce carbon emissions to net zero by 2050 but currently relies on fossil fuels for 70% of its electricity due to reduced nuclear power post the Fukushima disaster.
- The government wants to incorporate more nuclear, wind, and solar energy to enhance energy security following challenges with coal and gas supply disruptions.
- Discussions on the new energy policy began last month, with a focus on nuclear power, and may include building new reactors as part of the strategy.
- Challenges in meeting the targets include regulatory hurdles, public opposition, high costs, and slow approvals for restarting existing reactors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
