Japan, Australia working on bilateral nuclear energy deal

Japan and Australia plan to strengthen bilateral cooperation on the peaceful use of nuclear power, with Tokyo poised to secure a stable supply of uranium from the world’s biggest uranium reserves holder, Japanese sources said Tuesday.

For its part, Australia is believed to be seeking Japan’s support for building nuclear plants in the future. Australia currently has none.
“Japan has steadily promoted nuclear power generation and developed technology and experience in nuclear power. Australia has rich uranium resources,” said a source involved in the drafting of the document. “Bilateral cooperation in the field of the peaceful use of nuclear power leads to mutual benefits. The leaders from both sides will agree to strengthen cooperation in this area.”

Coal-fired power accounts for 85 percent of Australia’s electricity needs, making it the world’s biggest emitter of greenhouse gas per capita.

Australia is considering building nuclear power plants as part of efforts to reduce greenhouse gas emissions and meet growing energy demand at home. Nuclear power emits no carbon dioxide when generating electricity.

Japan Times