• 2 days Shell Oil Trading Head Steps Down After 29 Years
  • 2 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 3 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 3 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 3 days Venezuela Officially In Default
  • 3 days Iran Prepares To Export LNG To Boost Trade Relations
  • 3 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 3 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 3 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 3 days Rosneft Announces Completion Of World’s Longest Well
  • 4 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 4 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 4 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 4 days Santos Admits It Rejected $7.2B Takeover Bid
  • 4 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 4 days Africa’s Richest Woman Fired From Sonangol
  • 5 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 5 days Russian Hackers Target British Energy Industry
  • 5 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 5 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 5 days Lower Oil Prices Benefit European Refiners
  • 5 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 6 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 6 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 6 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 6 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 6 days OPEC To Recruit New Members To Fight Market Imbalance
  • 6 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 6 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 6 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 6 days GE Considers Selling Baker Hughes Assets
  • 7 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 7 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 7 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 7 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 7 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 9 days The Oil Rig Drilling 10 Miles Under The Sea
  • 9 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 10 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 10 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
Can Australia Surpass Qatar As World’s Top LNG Supplier?

Can Australia Surpass Qatar As World’s Top LNG Supplier?

Australia, the second largest exporter…

Don’t Back U.S. Shale To Keep Oil Prices Down

Don’t Back U.S. Shale To Keep Oil Prices Down

The common assumption that U.S.…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Nuclear Shutdown Means Japan Must Abandon Carbon Emission Targets

Nuclear Shutdown Means Japan Must Abandon Carbon Emission Targets

In 2009 the Japanese government signed a pledge to cut their carbon emissions by 25 percent by 2020, however following the disaster at Fukushima in 2011 and the subsequent collapse of public confidence in nuclear power, this target may have to be abandoned.

Nuclear power plants used to provide a large portion of Japanese electricity, and formed the backbone of their renewable energy sector and the plans to reduce carbon emissions. After the meltdown at Fukushima all 54 of the nation’s nuclear reactors were shut down in order to undergo maintenance and testing, and have yet to be restarted.

The US Energy Information Administration has now released figures which suggest that the gap left by nuclear power is being filled by larger use of fossil fuels. From January to April of this year the amount of electricity generated from natural gas, coal, and oil based power plants was up 40 percent compared to the same time last year. Fossil fuels now provide 90 percent of Japans electricity, rather than the 64 percent from last year.

Japan’s deputy Prime Minister, Katsuya Okada, said that the target of 25 percent was “a number computed on the premise that we will depend on nuclear power to a fair degree. I have no doubt that an overall review will be necessary” given the change in circumstances.

Lucky for them Japan had already decided to opt out of signing an extension of the international emission cuts target under the Kyoto Protocol. Although they haven’t given up on renewable energy and will introduce various clean energy subsidies with the aim of encouraging a 13% increase in production by 2013.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News