Japan Considers Subsidy Grants To Revive Nuclear Power

Japan, which has made a U-turn in its nuclear energy policy in the wake of last year’s energy crisis, is considering granting subsidies to help with the necessary upgrades at nuclear power plants that are currently idle. Nuclear power stations in Japan will be invited to take part in an auction in 2024 to get government subsidies for the necessary safety upgrades, Bloomberg reported on Wednesday, citing documents of the Japanese Ministry of Economy, Trade and Industry. The winning projects would give the nuclear power plants subsidies for…