Japan to use nuclear to cut dependence on Russian energy -PM Kishida

div classBodysc17zpet90 cdBBJodivpBy Muvija M and Tommy Wilkesp

pLONDON Reuters – Japan‘s Prime Minister Fumio Kishida said on Thursday that it would use nuclear reactors to help reduce its own and other countries’ dependence on Russian energy.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pJapan has become more reliant on Russian gas since shutting down nuclear reactors after the 2011 Fukushima disaster in which an earthquake and tsunami triggered a meltdown, devastating its northeastern region.p

pBut facing elections in July and rising energy prices that are squeezing voters‘ budgets, Kishida said nuclear would be part of the country’s future energy policy. p

pHe said Japan would address the “vulnerability of our own energy selfsufficiency” by broadening where it buys energy from, promoting renewables and using nuclear power to diversify its sources of generation.p

p“We will utilise nuclear reactors with safety assurances to contribute to worldwide reduction of dependence on Russian energy,” Kishida told an audience in Londons financial district.p

p“Restarting just one existing nuclear reactor would have the same effect as supplying 1 million tonnes of new LNG Liquified Natural Gas per year to the global market.”p

pMore than a decade after the March 2011 earthquake and tsunami triggered the worst nuclear crisis since Chernobyl, nuclear power remains a difficult issue in Japan, where only a handful of its 30odd plants are currently operating.p

pBut a majority of the public and businesses want the government to restart nuclear reactors to address energy security, with the Ukraine crisis and higher energy costs having added momentum to that shift in opinion.p

pKishida addressed the City of London with the proinvestment messages: “Japan is a buy”.p

pHe said 150 trillion yen 1.16 trillion in investment would be raised in the next decade to meet its goals of carbon neutrality by 2050 and to reduce greenhouse gas emissions by 46 by 2030.p

pHe outlined a roadmap to 2030 focused on maximising use of “progrowth carbon pricing” and promotion of longterm projects.p

p1 129.5800 yenp

p

pp Reporting by Tommy Wilkes and Muvija M, writing by William James and Tetsushi Kajimoto Editing by Kate Holton and John Stonestreetp

divdivdiv classBodysc17zpet90 cdBBJodivdivdiv