Japan Revises Energy Plan to Prioritize Renewables and Expand Nuclear Power by 2040
The government aims to make renewable energy its primary power source while increasing nuclear's share to 20% as part of its decarbonization and energy security strategy.
- Japan's revised energy strategy targets renewables to supply 40-50% of electricity and nuclear power to contribute 20% by 2040.
- The plan marks a shift from previous policies, no longer prioritizing reduced reliance on nuclear power following the 2011 Fukushima disaster.
- Thermal power from coal, gas, and oil is set to decrease from 68.6% in 2023 to 30-40% by 2040, with LNG viewed as a transitional energy source.
- The strategy includes plans to develop next-generation nuclear reactors and bring all existing reactors online by 2024.
- Geopolitical concerns, rising energy demand, and climate goals are driving the push for a diversified and decarbonized energy mix.