The French and Japanese governments have signed a new agreement to deepen their collaboration on the development of next-generation nuclear technology. The deal involves working together to ensure the safety of existing reactors, as well as designing new models that recycle fuel and require less uranium. The agreement also includes plans for decommissioning nuclear plants, including Japan’s Fukushima Daiichi facility, and supporting local communities affected by such actions. The roadmap will also involve developing civilian nuclear capacity in prospective countries and promoting fuel recycling. The new agreement represents a significant step toward decarbonisation and a stable energy supply, according to Yasutoshi Nishimura, Japan’s Minister of Trade, Economy and Industry.
The two countries will be exploring new nuclear technologies such as sodium-cooled fast reactors, which are seen as a potential solution to the challenges posed by traditional reactors. Japan has earmarked $337 million from April 2024 to support the development of these reactors, demonstrating a commitment to transition into cleaner and more sustainable energy infrastructure. Furthermore, several other countries such as the UK, US, and Canada are also cooperating in an initiative aimed at cutting off funding for Russia’s intervention in Ukraine through exclusion from the international nuclear energy market.
Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi have also announced their in-principle decision to cooperate on civil nuclear matters, however, no decision has been made regarding the signing of the definitive agreement to facilitate the export of Japanese civil nuclear technology to India. Although there are certain domestic factors that could potentially delay the agreement, both countries are keen on building their economies and fuelling their respective growth strategies.
Overall, France and Japan’s new agreement signifies a strong commitment toward a more sustainable and secure energy supply. The focus on next-generation reactor technology and fuel recycling is a vital step in promoting decarbonisation and reducing emissions. The cooperation between additional countries in cutting off funding for Russia’s intervention in Ukraine further demonstrates how geopolitics can play a role in nuclear energy infrastructure. As countries continue to explore new avenues of collaboration towards achieving climate goals, the nuclear industry is likely to be an increasingly important component of the clean energy mix.
