Abe Vows to Spur Investment in Japan Power to 30 Tln Yen
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Japanese Prime Minister Shinzo Abe pledged to spur investment in the nation’s electricity industry to about 30 trillion yen ($299 billion) in the next decade as he seeks to revive the world’s third-biggest economy.
Investment in wind, geothermal and other renewable sources will be accelerated by “drastically” speeding up environmental assessment processes, Abe said in prepared comments for a speech in Tokyo today to preview his government’s economic growth strategy to be detailed next week.