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| 1 |
ID:
125397
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| Publication |
2013.
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| Summary/Abstract |
The March 2011 nuclear accident at the Fukushima Daiichi nuclear power station affected both short- and long-term energy-security in Japan, resulting in crisis-driven, ad hoc energy policy and, because of the decision to shutter all nuclear reactors, increased the country's demand for fossil fuels, primarily natural gas. However, the effects of the accident on energy security were not restricted to Japan; for example, the worldwide availability and affordability of liquefied natural gas were affected by Japan's increased demand; while the accident itself resulted in the loss of public acceptability of nuclear power and led countries, such as Germany and Italy, to immediately shut down some of the nuclear reactors or abandon plans to build new ones.
This paper examines some of the short-term effects on global energy security following the accident at Fukushima, focusing on the main replacement fuel, liquefied natural gas. It shows, amongst other things, that the accident increased investment in liquefied natural gas projects around the world. The paper shows that despite Fukushima contributing to nuclear power's loss of acceptability in most developed countries, it is still seen as an essential way of improving energy security in many countries and, despite what its critics may say, will probably continue to be used as a significant source of low-carbon electricity.
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| 2 |
ID:
125396
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| Publication |
2013.
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| Summary/Abstract |
The accident at the Fukushima Daiichi nuclear power station received worldwide attention in March 2011; since then, much of the reporting has been limited to stories such as the state of the reactor, the trans-Pacific movement of flotsam caused by the tsunami, and the effect of the tsunami and accident on Japanese communities. Other than the closure of Japan's last operating reactor in May 2012, little has been discussed outside of Japan regarding the policies introduced in response by the Japanese government in its effort to maintain Japanese energy security and the effects on Japan's electricity suppliers and the Japanese people.
This paper presents a detailed examination of the crisis-driven changes to policy and regulations instituted by the Japanese government and electricity suppliers in the immediate aftermath of the accident up to May 2012. The disruption to Japan's long-term energy policies is discussed in terms of the country's need to maintain its energy security. The paper also considers a number of different energy futures for Japan in light of the accident and how they could improve energy security in terms of availability, affordability, and acceptability.
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