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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”.
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