http://www.energyefficiencynews.com/articles/i/5260/?cid=3

 

Japan is planning to create a 50 trillion yen ($628 billion) green energy market by 2020, according to a Reuters' report.

 

A draft of the government's future growth strategy seen by the news agency reputedly plans a programme of deregulation and subsidies to promote renewable energy and low-emission cars.

Earlier this month, the government launched generous feed-in tariffs for solar power and other renewable energy technologies in a bid to boost generation capacity in the wake of the switch off of the country's nuclear reactors, which previously provided some 30% of its power needs.

If the country also moves forward with plans for a carbon pricing mechanism as well, Japan could become one of the most attractive markets for low-carbon investment in the world.