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Tue Jun 4, 2024, 06:22 AM Jun 4

In Japan, energy security fears put nuclear back in favour for 2040 plan


In Japan, energy security fears put nuclear back in favour for 2040 plan

By Yuka Obayashi and Katya Golubkova
June 4, 2024 3:03 AM EDT Updated 3 hours ago

TOKYO, June 4 (Reuters) - Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, but is likely to struggle to meet its targets, industry experts say.

The country slashed reliance on nuclear power after the Fukushima disaster in 2011 and increased use of fossil fuels to generate 70% of its electricity, even as it set out to cut carbon emissions to net zero by 2050.

But having faced coal and gas price spikes and supply disruptions in 2022 due to Russia's war on Ukraine, the government wants to lock in greater use of nuclear energy, along with wind and solar power, to secure stable energy supply.

"The emphasis has moved away from carbon emissions to energy security. Energy security has always been important for Japan, but even more so now because there were so many challenges with the lack of liquefied natural gas, expensive LNG, lack of supply," said Alex Whitworth, vice president at consultants Wood Mackenzie.


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