China has big plans for the nation’s nuclear energy sector. While the nuclear energy targets set by Beijing have been massively delayed, the nation is still on track to take over the global nuclear energy industry over the next ten years. While the devastating spread of COVID-19 in China starting late last year has undoubtedly had a negative impact on the country’s energy industry ambitions, however, the biggest setbacks for the Chinese nuclear energy industry can actually be attributed to the Fukushima nuclear disaster that took place in Japan in 2011, which has made it far more difficult and time-intensive to approve new atomic energy projects. A three-year freeze on new nuclear plant approvals only just ended last year, which “has thinned the pipeline for this decade, according to BloombergNEF’s lead nuclear analyst, Chris Gadomski.” Despite the fact that China will, in all likelihood, miss its target number of […]