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Japanese Think Tank Touts Nuclear Return

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    Wed, Jan 28 2015 12:45 PM

    A Japanese government think tank, the Institute of Energy Economics Japan, said a 25 percent target for nuclear power would be the most advantageous from an economical point of view, compared to zero percent, 15 percent and 30 percent hypothetical scenarios that were studied.

    The study envisioned the economic impact of nuclear power options through 2030.

    The report, "Toward Choosing Energy Mix," was released in the same week that the government said Japan's trade deficit hit a record high in 2014, largely due to increased dependence on imported fossil fuels.

    “Adverse impacts on the economy will be remarkable,” in test cases with Japan's nuclear stations providing zero or 15 percent of the country's power generation, the institute said. The government, meanwhile, reported that the country's trade deficit ballooned to a record $109 billion in 2014, an 11.4 percent jump over 2013.

    “Even if nine nuclear power plants restart, the electricity generated by nuclear power for FY2015 is still less than one sixth of its FY2010 level, raising the average power generation cost by about JPY3,000MWh compared to FY2010,” the report said. “Relative to 2010, total spending on fossil fuel imports increases by JPY1.9 trillion ($16.1 billion), of which the LNG (liquid natural gas) imports of 14.5 Mt will account for about JPY1.6 trillion ($13.6 billion),” according to the IEEJ.

    In addition, carbon dioxide emissions under that scenario increases by 45 Mt-CO2. The self-sufficiency rate drops by 8 percentage points.

    Household spending on energy in 2014 rose to more than JPY300,000 ($2547.13), the study showed.
    Household expenses on energy were expected to fall in 2015, due to lower international energy prices, the study said.


    http://nuclearstreet.com/nuclear_po...outs-nuclear-return--012801.aspx#.VMjwOlHHTos
 
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