Sovereign risk, page-18

"One consequence of the accident was a gradual shutdown of all nuclear power plants, which has led to a significant rise in fossil fuels use, increased fuel imports and rising carbon dioxide emissions. It has also brought electricity prices to unsustainable levels," the International Energy Agency (IEA) reports. "The IEA encourages Japan to increase low-carbon sources of power supply."

Meanwhile, another Japanese utility, Kansai Electric Power Co., recently started up two different reactors. While 43 other reactors remain offline, about 21 re-start applications are now pending with an estimated of 12 units to come back in service by 2025 and 18 by 2030...’