GX: Nuclear Power To Play a Key Role in New Green Transformation Roadmap
Major shifts in industrial and energy policy are part of a new 10-year roadmap to realize GX, including extended operation of existing nuclear power plants.
The Council hammered out basic policy. It also created a roadmap for the next 10 years toward the realization of GX.
GX Roadmap's Two Pillars
The policy has two pillars. The first involves measures to ensure a stable energy supply in the immediate future. This includes the establishment of a new rule that would allow nuclear power plants to operate beyond 60 years. The second is the introduction of carbon pricing (CP). This feature would require companies to pay for their CO2 emissions. Both are aimed at a major shift in Japan's industrial and energy policies.
Prime Minister Kishida indicated that the administration would continue to review and maintain flexibility in its approach. He stated, "GX requires a major transformation of the economy and society overall. The situation will change alongside technological progress and the various efforts of other countries."
After soliciting opinions from the public, a Cabinet decision will be made. Subsequently, a draft amendment to the Nuclear Reactor Regulation Act and other related laws will be presented at an ordinary Diet session in 2023.
Role of Nuclear Power
The roadmap clearly states that nuclear power will "play an important role" in achieving both a stable energy supply and decarbonization. According to the roadmap, rules governing the length of operation of nuclear reactors, which currently stand at 40 years in principle and 60 years maximum, will be changed to allow for extended operation past 60 years.
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