Japan beats path to renewable energy – FT.com

Tokyo’s push for clean electricity opens a new green market

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/f729c024-0caa-11e2-b175-00144feabdc0.html#ixzz2ISMg3vtL

“This could provide a significant stimulus for the development of a major renewable energy market in Japan, and underpin the global ambitions of a number of large Japanese industrial companies in the clean energy sector.”

Japan certainly does not lack green energy ambition.

In line with last month’s decision, the country has plans that envisage the investment of Y38tn ($483bn) in non-hydroelectric renewable energy, such as solar and wind power, over the next two decades, plus an extra Y84tn in energy-efficient technology.

This will come on top of the introduction in July of some of the world’s most generous low carbon energy subsidies, which have already spurred an estimated $2bn of investment.

Japan beats path to renewable energy – FT.com

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s