Japan Will Subsidize Renewable Energy

 

Japan recently approved  incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world’s third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster, report Yuko Inoue and Leonora Walet at World Environment News.  The push for renewables is aimed at cutting reliance on not only nuclear, but pricey oil and liquefied natural gas for energy needs. The scheme requires Japanese utilities to buy electricity from renewable sources such as solar, wind and geothermal at pre-set premiums for up to 20 years. Costs will be passed on to consumers through higher bills. Utilities will pay over 50 cents per kilowatt hour for solar-generated electricity, double the tariff offered in Germany and more than three times that paid in China. Subsidies have spurred explosive growth in renewable energy in countries such as Germany, which nearly tripled its output in less than a decade. Meanwhile, the US government has yet to offer longterm markets to wind and solar developments, leading to decreasing confidence among investors. Analysts say Japan has huge potential to generate renewable energy from the sun, wind and geothermal sources.

Source

Japan Approves Renewable Subsidies In Shift From Nuclear Power Date: 19-Jun-12
Yuko Inoue and Leonora Walet. Japan approved on Monday incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world’s third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster.

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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