Japan determined to use more renewable energy

Japan will create a US$628 billion “green energy market” to push the development of renewable energy.

It aims to create the market through a combination of deregulation and subsidies and to have it in place by 2020. The government said it will seek to develop the green energy market and create 1.4 million jobs by 2020.

Its plan for boosting RE use includes measures to promote vehicles that run on alternative energy, so that they constitute half of new automobile sales by 2020.