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Japan’s government’s optimism on nuclear power future doesn’t ring true- finance analysts

Japan Government Too Bullish on Nuclear Role by 2030, BNEF Says, Bloomberg, by  , 2 June 15 Japan’s expectation that nuclear generation will account for as much as 22 percent of its electricity in 2030 is overly optimistic, Bloomberg New Energy Finance said.

Factoring in costs and the regulatory hurdles required to extend the life of operating reactors beyond the typical 40 years, atomic power will probably supply no more than 10 percent of electricity in 2030, an analysis by BNEF shows.

The discrepancies between the London-based researcher’s findings and the official view on nuclear’s contribution highlight a looming question for Japan as it considers the composition of its energy mix following the Fukushima disaster more than four years ago.

 To achieve the government target, at least 13 reactors would need to receive extensions beyond their 40-year lifetime, BNEF said in a report released Tuesday. That would be challenging amid continued anti-nuclear power sentiment among the public, the researcher said.

The Ministry of Economy, Trade and Industry has said in a draft report on energy policy that nuclear will account for 20 percent to 22 percent of electricity generation in 15 years. Though nuclear reactors supplied more than a quarter of Japan’s electricity before Fukushima, none are currently operating.

The government’s outlook, unveiled in April and reaffirmed by a consultative committee on Monday, is also too bearish on the roles for gas and clean energy, BNEF said……http://www.bloomberg.com/news/articles/2015-06-02/japan-government-too-bullish-on-nuclear-role-by-2030-bnef-says

June 4, 2015 - Posted by | Japan, politics

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