Research Fellow Hiroshi Hamasaki
In the aftermath of the great earthquake and tsunami of March 11, 2011, the incident at the Fukushima Daiichi nuclear power plant ushered in a period of change for Japan’s energy policy. Energy even became a focal point of the recent Diet election, on par with the TPP. However, one reason that this issue did not live up to the hype was the fact that not enough information was provided to the populace for them to consider the issues. This report provides a quantitative evaluation of the effects of nuclear power plant stoppages and the effects of renewable energy feed-in tariffs (FIT) on the spread of renewables and electricity prices.
The results show that, assuming the application of current electricity business models, the spreading of renewables is in fact hindered by the burden of their own high costs. This indicates the need to look at the systematic and technological issues in order to realize sustainable renewable energy.