Japan's new ¥15 trillion ($157 billion USD) economic stimulus plan has a serious focus on green energy.
Japan, suffering through its worst recession since the second world war, is finally starting to make some moves on renewable energy. The stimulus plan will promote the start of mass production of electric vehicles within the next three years. Solar power also receives a huge boost through the stimulus package. The government plans on increasing Japan's solar current solar capacity, 1.42 million kilowatts, twenty-fold.
For many observers, these "green" moves by Japan are a long time in the making. According to an HSBC report, until now, Japan has only allotted 2.6% of its total spending for climate change measures. The United States and China, on the other hand, have each pledged 12% and 34% of their total spending to climate change initiatives.
Read the full story at the Guardian: Japan goes green with £100bn economic recovery
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