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Japan could become world’s renewable energy hub

Japan stokes renewable energy plan PILITA CLARK – ENVIRONMENT CORRESPONDENT Financial Times, Oct. 03 2012,First it was Europe and then it wasChina, but as the world absorbs the impact of Tokyo’s decision tophase out nuclear power over the next three decades, some are starting to ask whether the next big centre of renewable energy growth will be Japan.

“It is absolutely possible,” says Jim Long of Greentech Capital Advisors, a global adviser on renewable energy, headquartered in New York.“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 ¥38-trillion ($483-billion U.S.) in
non-hydroelectric renewable energy, such as solar and wind power, over
the next two decades, plus an extra ¥84-trillion 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 $2-billion of investment.

Some unlikely companies are already entering the renewables field,
including mobile phone group SoftBank, which is planning to build
several solar parks and a wind farm…..
http://www.theglobeandmail.com/report-on-business/international-business/asian-pacific-business/japan-stokes-renewable-energy-plan/article4586319/

October 4, 2012 - Posted by Christina Macpherson | general