The governments of Japan and South Korea are abandoning their anti-nuclear policies, while China and India are preparing to build more reactors to avoid future supply shortages and reduce emissions. Even developing countries throughout Southeast Asia suddenly became interested in nuclear technology.
Nuclear power is coming back after prices for natural gas and coal, the two fossil fuels used to generate much of Asia’s power, hit record highs this year after Russia’s invasion of Ukraine rattled global markets. As the world pulls away from Russia, a major fuel exporter, supply will remain tight and prices high for a long time to come.
These reasons make clean and reliable nuclear power extremely attractive to utilities and policymakers seeking to curb inflation, meet green goals and reduce dependence on foreign energy suppliers.
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