By William F. Martin
Japan has built a commendable energy security program since the 1973 oil embargo, but the Fukushima accident and complete halt of nuclear power threatens Japan’s economic competitiveness, environmental quality, and ultimately Japan’s national security. The overall trade surplus is up, and harmful environmental emissions are rising.
Japan’s energy self-sufficiency is the lowest among industrialized countries, and as the chart below shows, compared to other nations Japan ranks among the highest in terms of gross national income (GNI) per capita but the absolute lowest in terms of self-sufficiency.
To read Mr. Martin’s full piece visit the Japan Chair Platform website at CSIS or read the .pdf here.
Mr. William F. Martin is an energy economist who has served as executive secretary of the National Security Council, special assistant to President Ronald Reagan and deputy secretary of energy under President Reagan. He was chairman of the Department of Energy’s Nuclear Energy Advisory Committee from 2002-2012 and former chairman of the Council on Foreign Relation’s Energy Security Group. In 2006, he was elected chairman of the Council of the University for Peace of the United Nations.