Japan Finally Makes Moves On Green Energy
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
Nathanael Baker is the Managing Editor of EnergyBoom. He has researched and reported on the issues of renewable energy, sustainability, and climate change for over two years. He has provided research to the New York Times and The Economist, as well as being published on different media outlets including, The Energy Collective.
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