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