Saturday, October 21st, 2017

Japan approves renewable subsidies in shift from nuclear power

<img src="http://www.davidsellers.com/wp-content/plugins/wp-o-matic/cache/ccb1d_2012-06-18T025015Z_2_CBRE85H07G000_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="A worker checks solar panels at a solar power field in Kawasaki” align=”left” title=”A worker checks solar panels at a solar power field in Kawasaki” border=”0″ />TOKYO (Reuters) – 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. Industry Minister Yukio Edano approved the introduction of feed-in tariffs (FIT), which means higher rates will be paid for renewable energy. The move could expand revenue from renewable generation and related equipment to more than $30 billion by 2016, brokerage CLSA estimates. …


Speak Your Mind

Questions or comments? We'd love to hear from you!