Japan’s METI Requests 62% Increase for FY14 Clean Energy Budget
The Ministry of Economy, Trade and Industry is requesting a 62 percent increase in the clean energy budget for next fiscal year amid a push to diversify Japan’s energy mix.
The ministry wants to allocate 198.1 billion yen ($2 billion) in the year starting April 1 “for the maximum installations of clean energy,” according to a budget request released today.
The amount includes 46.2 billion yen to strengthen the country’s power grid to integrate more clean energy, according to a ministry document. That’s an increase of 29 percent from last year’s budget for similar purposes.
The trade ministry also wants to set aside 84.3 billion yen, almost double last year’s budget, for technology development and feasibility studies for such energy sources as offshore wind and geothermal.
Japan’s Ministry of the Environment yesterday requested 43.5 billion yen in next fiscal year’s budget to create a low-carbon society using clean energy.
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