Japan Puts Nuclear Energy on Hold, Embraces Solar Power

Apr 16, 2013, 10:53 ET from World Review

VADUZ, Liechtenstein, April 16, 2013 /PRNewswire/ --


Two years after the Fukushima Daiichi disaster in 2011, Japan has scaled back it's nuclear power and is seeking to diversify it's energy mix, with solar power showing the strongest growth.

Supporters of Japan's nuclear industry claim it would be unwise to give up the advantages of nuclear power because of a single accident. However, Japan's Prime Minister Shinzo Abe knows that restarting the country's nuclear power plants will be highly unpopular, says Professor Dr Stefan Lippert, World Review expert on economics.

"Japan will pursue a highly diversified energy policy," he says. "In particular it will focus on reducing the costs of Liquefied Natural Gas (LNG) and increasing the share of renewables."

"In 2012, Japan added approximately 2.5 GW of solar energy capacity to the 4.8 GW already installed," he says.

The Japanese government continues to favour wind over solar energy, but the market shows a strong preference for solar, at least as long as the very high feed-in tariffs - in international terms - are kept in place.

However, Shinzo Abe refuses to rule out the prospect of re-starting the shut-down reactors and building new nuclear power plants in the future, although he has not provided a timeline for this.

"The final decision on Japan's long-term energy strategy will not be made before the 2020s," says Dr Lippert.

Click here to read the full World Review report

About the author

World Review author, Professor Dr Stefan Lippert is a business school professor and management consultant who has been based in Tokyo since 2005.

He teaches international corporate strategy and leadership at Temple University, Japan Campus, and other universities in Japan and overseas.


Please attribute any copyright to © 2013 Geopolitical Information Services, and provide a hyperlink to the http://www.worldreview.info website.

Contact information

Social Media

Click here to join World Review on Facebook

Follow us on Twitter @worldreviewinfo

Social Media Editor
Sian Claire Owen
Email: owen@geopolitical-info.com
Tel: +44(0)7962-383019

General information about World Review and Geopolitical Information Service AG
Email: barich@geopolitical-info.com
Tel: +423-231-19-41
Headquarters: Herrengasse 21, 9490 Vaduz, Liechtenstein

SOURCE World Review