Released December 16, 2013 | KOFU, JAPAN
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Following a Cabinet meeting on December 6, Japan's Minister of Economy, Trade and Industry, Toshimitsu Motegi, said that "Zero Nuclear Power," a policy which was proposed by the previous Japanese administration, will be reversed in the new "Basic Energy Plan," which is being put together by the current administration.
In a press conference, Motegi said that the "Basic Energy Plan" was presented to the Ministry of Economy, Trade and Industry's (METI) council. He said that as long as safety measures were properly followed, nuclear power could create a stable power supply, reduce costs and counter global warming.
Motegi also said that Japan will include nuclear power in the "Basic Energy Plan," which will become the country's mid- and long-term energy policy, and reverse the "Zero Nuclear Power by 2030" policy, which was introduced by Democratic Party of Japan (DPJ) in the previous administration.
The "Zero Nuclear Power" policy, which was adopted after Fukushima, was an energy strategy that aimed to phase out all nuclear power in Japan by 2030. It did not support the construction of new--or the expansion of existing--nuclear power plants.
Motegi also confirmed that Japan will put approximately $465 million into the fiscal year's supplementary budget to speed up the decommissioning of Tokyo Electric Power Company Incorporated's (TEPCO) (TSE:9501) (Tokyo, Japan) Fukushima Daiichi Nuclear Power Plant, as well as into measures that address contaminated water.
The new policy also will create a new selecting method for the final disposal site for high-level nuclear waste. The Japanese government is scheduled to approve the "Basic Energy Plan" at a cabinet meeting sometime around the New Year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
In a press conference, Motegi said that the "Basic Energy Plan" was presented to the Ministry of Economy, Trade and Industry's (METI) council. He said that as long as safety measures were properly followed, nuclear power could create a stable power supply, reduce costs and counter global warming.
Motegi also said that Japan will include nuclear power in the "Basic Energy Plan," which will become the country's mid- and long-term energy policy, and reverse the "Zero Nuclear Power by 2030" policy, which was introduced by Democratic Party of Japan (DPJ) in the previous administration.
The "Zero Nuclear Power" policy, which was adopted after Fukushima, was an energy strategy that aimed to phase out all nuclear power in Japan by 2030. It did not support the construction of new--or the expansion of existing--nuclear power plants.
Motegi also confirmed that Japan will put approximately $465 million into the fiscal year's supplementary budget to speed up the decommissioning of Tokyo Electric Power Company Incorporated's (TEPCO) (TSE:9501) (Tokyo, Japan) Fukushima Daiichi Nuclear Power Plant, as well as into measures that address contaminated water.
The new policy also will create a new selecting method for the final disposal site for high-level nuclear waste. The Japanese government is scheduled to approve the "Basic Energy Plan" at a cabinet meeting sometime around the New Year.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
