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Japan Raises Renewable Energy Targets

Filed in archive Renewable Energy by Reden Rodriguez on February 25, 2007

Japan Raises Renewable Energy Targets
The Japanese Trade Ministry has issued a draft report requiring utilities to utilize renewable energy resources for energy generation, to the tunelinks of 16 billion kilowatt-hours a year starting in April 2014, or about 0.5% of Japan's annual electricity supply. Experts claim that utilities are spending 100 billion yen now to comply with the 2010 emission level requirements and that this new regulation may increase that to 130 billion yen (about 1 billion US $).

With no carbon credits being offered or discussed, I am wondering if this regulation would be effective, compared to say, similar moves by the Australian government, who has endeavored to put up industry-friendly carbon emission regulations. Read more here.







Permalink: Japan Raises Renewable Energy Targets
Tags: Japan  Renewable  Energy  Carbon  Credits  2010  Emissions  Targets  Japanese  Trade  Ministry  Spending  Renewa 

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