Markets - 15/September/2021

Japan’s relationship with nuclear clouds net-zero plans

Japan is one of more than 130 nations pledging to reach net-zero carbon emissions by 2050. However, its path may be more complicated than anticipated given Japan’s reliance on both fossil fuels following public scepticism over nuclear power

Difficult renewables buildout means the nation’s net-zero plans may require a return to nuclear




PUBLIC PERCEPTION Despite low-levels of public support, Japan is slowly re-opening its nuclear fleet in a bid to reach its net-zero target

NO DELAY Adding new nuclear capacity is a long and expensive process, obscuring plans to meet mid-century goals

KEY QUOTE Even with energy conservation, electrification, decarbonisation and hydrogen, a world without fossil fuels may not be realistic ...

 

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