Japan's government panel has largely backed a draft energy policy to bolster renewables and nuclear by 2040. This policy reverses a post-Fukushima nuclear phaseout and seeks Cabinet approval by March. It also calls for restarting reactors, meeting updated safety standards, and developing next-generation reactors. The plan includes restarting reactors meeting post-Fukushima safety standards and building next-generation reactors at decommissioned sites. Experts doubt Japan can achieve its nuclear energy target with less than half of the reactors currently operational and slow safety checks.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Japan's government panel is largely back to draft energy policy aiming to bolster
00:06renewables and nuclear by 2040. This policy reverses a post-Fukushima nuclear phase-out
00:12and seeks cabinet approval by March. It also calls for restarting reactors,
00:16meeting updated safety standards, and developing next-generation reactors.
00:20The plan includes restarting reactors meeting post-Fukushima safety standards
00:25and building next-generation reactors at decommissioned sites.
00:28Experts doubt Japan can achieve the nuclear energy target with less
00:31than half of the reactors currently operational and slow safety checks.