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Japan’s Parliament – vote for renewable energy tariff

The move has global implications, as the world’s third largest economy follows that of the world’s second-largest economy, China, and the world’s fourth-largest economy, Germany, in implementing feed-in tariffs in order to rapidly develop renewable energy.

Japan Creates Major Feed-In Tariff for Renewable Energy, SustainableBusiness.com News, By Paul Gipe   31 Aug 11, In a major breakthrough for the feed-in tariff movement worldwide, Japan’s upper chamber has approved a new law implementing a feed-in tariff policy for renewable energy.

The law, which goes into effect next July, sets a target of 30,000 MW of new renewable development within the next decade, nearly five times the 6,500 MW of wind, solar, and geothermal power currently operating in the country.

The move has global implications, as the world’s third largest economy follows that of the world’s second-largest economy, China, and the world’s fourth-largest economy, Germany, in implementing feed-in tariffs in order to rapidly develop renewable energy.

The new law is also a clear sign that Japan plans to reduce its reliance on nuclear power, after the disaster at Tokyo Electric Power’s Fukishima 1 plant….

Global Implications

Japan’s bold step away from nuclear power could provide impetus to feed-in tariffs in North America, where the policy has been slow to gain traction outside of Ontario, Canada, and the state of Vermont.

Adoption of feed-in tariffs by Japan – a country with an industrial economy built around competitive exports – is a seeming endorsement at the highest international level that rapid development of renewable energy is desirable, if not essential, and that feed-in tariffs are the policy best suited for the task….. http://www.sustainablebusiness.com/index.cfm/go/news.display/id/22852

September 1, 2011 - Posted by Christina Macpherson | Japan, renewable