04 Jul '12, 10am

Japan eyes clean energy revolution after Fukushima - AsiaOne

Japan eyes clean energy revolution after Fukushima - AsiaOne

"I want to use it as a trigger to fuel the use of renewable energy," Industry Minister Yukio Edano (above) said recently. AFP Wednesday, Jul 04, 2012 TOKYO - Even as Japan begins cranking up its nuclear reactors again, Tokyo has launched a scheme it hopes will spark a green-energy revolution and put the country at the leading edge of renewables. New rules oblige utilities to buy all electricity produced from renewable sources, including solar, wind and geothermal power, at above-market rates for the next two decades, in a bid to stoke "green" power investment. Advocates say the rush by suppliers to capitalise on the scheme could nearly double demand for solar cells this year alone, spurring economies of scale for panel producers and ultimately bringing down the cost of renewable energy. The scheme comes as Japan debates its future energy policy, and is squarely aimed at fo...

Full article: http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1S...

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