Japan Plans to Replace Up to 14 Nuclear Reactors by 2050

Japan's government is making long-term plans for replacing up to a dozen nuclear reactors by 2050, to secure its electricity supply, with two to five of these to be rebuilt by the 2040s, the country's economy ministry said today. This is the latest step in a policy reversal for Tokyo, which, following the 2011 Fukushima disaster, closed all of its nuclear reactors and tried to switch to other forms of electricity generation. The Strait of Hormuz crisis, as well as LNG price volatility, has recently prompted a reconsideration of the nuclear-divorce…