Japan’s nuclear nationalism

posted by
March 29, 2011
by Shikha Dalmia  
Posted in Commentary

"Nuclear meets about a third of Japan’s energy needs (compared to 20 percent in America) not because it is more competitive than the alternatives; it is not. Nuclear’s exorbitant upfront capital costs and long — and uncertain — lead times make it every bit as unattractive to investors in Japan as elsewhere, especially compared to other fuels. But nuclear appeals to Japan’s mercantilist rulers who, since the mid-60s, have regarded the country’s lack of indigenous energy resources as a major strategic vulnerability that must be corrected at all cost." (03/29/11)


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