Part of the Stock Digest group of websites: Visit Tech Stock Digest  

More nuclear power needed by 2030, Japan says

May 16 (UPI) -- Japan may be forging ahead with an energy plan that includes nuclear energy use, despite popular opposition following the 2011 Fukushima disaster.

A subgroup of the Japan's Advisory Committee for Natural Resources proposed the world's third-largest economy maintain a previously set target of generation at 20-22 percent of Japan's total electricity by 2030, Jiji Press reported Wednesday.

The Ministry of Economy, Trade and Industry has designated nuclear energy an "important source of base load," according to the Tokyo Shimbun.

The targets could be set ahead of new construction, but neither construction nor expansion was mentioned by the subgroup.

The draft stated, "Necessary steps should be taken steadily," but stopped short of detailing specific measures.

Japanese Prime Minister Shinzo Abe has been in favor of restarting more of Japan's nuclear plants, a move that has been met with civic opposition.

In order to meet the lofty 20-22 percent target, 30 nuclear plants must be in operation.

Click here to continue reading...

 

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 24811.80 0.30%
S&P 500 2727.76 0.20%
NASDAQ 7424.43 0.02%
TSX 16113.62 0.13%
TSX-V 780.58 0.00%

Resource Commodities

Name Last Change
Gold 1304.98 0.01%
Silver 16.67 0.00
Copper 3.09 0.030
Platinum 913.00 0.27%
Oil 70.71 1.60%
Natural Gas 2.94 0.88%
Uranium 22.88 0.00%
Zinc 1.37 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest