TOKYO: Japan decided on Thursday to allow nuclear reactors to operate beyond their current limit of 60 years and to replace ageing facilities with new advanced ones, in a major policy change to cut carbon emissions while ensuring energy supplies amid disruptions from Russia’s invasion of Ukraine.
The government plans to raise about 20 trillion yen (US$152 billion) by issuing “green transformation” bonds to expand investment in decarbonisation projects, as it estimates that public and private investment of over 150 trillion yen will be necessary over the next 10 years.
