Uranium Bull Case Strengthens As Japan Calls Nuclear "Key" To Its Decarbonization Goals | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Uranium Bull Case Strengthens As Japan Calls Nuclear "Key" To Its Decarbonization Goals

Days after the U.K. said that nuclear would be “at the heart” of its decarbonization strategy, Japan has now called nuclear reactor restarts “key” to achieving its own green energy goals. This marks a far quicker global adoption of nuclear during the ESG age than I had anticipated and, in my opinion, will likely bode well for my long-term uranium bull case.

Last Friday, Japan adopted a new energy policy that went little noticed by those participating in the uranium market.

The plan seeks to bring the country to carbon neutrality by 2050, according to AP.

And while this plan is mostly in line with what many other countries are implementing, the proverbial angel for uranium investors may be in the details.

"Japan has been undecided over what to do about its nuclear power industry since the 2011 Fukushima plant disaster. It now says reactor restarts are key to meeting emissions targets as Japan tries to step up in the global effort against climate change," the AP report reads.

Fumio Kishida, who is replacing Prime Minister Yoshihide Suga, is officially "a backer of nuclear plant restarts", the report notes.

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