Japan is expected to advocate for increased nuclear power in an upcoming energy policy revision to address rising energy demands and growing geopolitical uncertainties. Despite previously reducing nuclear energy reliance post the Fukushima incident in 2011, Japan now aims to enhance energy stability by incorporating more nuclear, wind, and solar power sources. The focus has shifted from carbon emissions to energy security due to challenges with LNG supply and escalating coal and gas prices following Russia's actions in Ukraine in 2022.
The emphasis on energy security has prompted discussions on revising Japan's energy policy, with a potential inclusion of constructing new reactors. The shift towards nuclear power could impact major exporters of LNG and coal such as Australia, Qatar, the U.S., and Indonesia.
While the specific adjustments to Japan's 2030 nuclear energy target are uncertain, energy companies are advocating for increased nuclear power usage to mitigate energy supply risks and price fluctuations amidst geopolitical tensions.
Japan's energy demand is projected to rise significantly, necessitating the replacement and construction of new reactors to meet the escalating electricity needs driven by semi-conductor manufacturing plants and data centers.