Investment future for nuclear bleak, says Impax

An asset management firm has warned that the future will see investors continue to punish nuclear energy in the wake of the Fukushima disaster. Impax Asset Management says that the near-obliteration of the Japanese nuclear industry has had a significant effect elsewhere, especially in Europe and China, and that a worldwide slow-down in nuclear plant development looks set to continue. It also claims a rise in the use of coal to offset the loss of nuclear as an option may be offset by an accompanying “big push towards energy efficiency”.