Wednesday, January 14, 2015

Japan:

¥8 Billion Earmarked in Upcoming Budget for Geothermal Energy (The Japan Times)

(Courtesy CIA.gov)
The Abe administration decided Wednesday to boost efforts next year to promote renewable energy following the Fukushima nuclear crisis, after the feed-in tariff system, which guarantees above-market rates for selling energy produced from clean sources, ran into trouble only two years after its introduction.

The administration is expected to secure in the fiscal 2015 budget a total of ¥130.7 billion for various programs to promote research into and use of renewable energy.

Out of that total, it is expected to spend ¥8 billion for promoting geothermal power.

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