Renewable energy feed-in tariffs introduced into Japan
The Japanese ministry of industry gave the go-ahead for renewable energy feed-in tariffs to be introduced on 18 June.
Effective from the start of July, and set to last at least 20 years, the new incentives will require Japanese utility companies to purchase electricity from renewable sources including biomass.
The Japanese government sees this move as a positive move to reduce the country’s dependence on nuclear power following the unfortunate Fukushima nuclear disaster last year, when a combined earthquake and tsunami took out three of the plant’s reactors.
Currently only 1% of the country’s power supply is generated by renewable sources, but it has been estimated that close to $30 billion (€24 billion) in clean energy investment could potentially be unlocked by this move.
Biogas feedstock is earmarked from sewer sludge plus animal and municipal waste, while solid fuel inceineration and wood products will create biomass as part of the overall renewable energy scheme.