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Japanese Ministry to Double Budget for Clean Energy Development

Japan’s Ministry of Economy, Trade and Industry will more than double the budget for developing clean energy in the year starting April 1 to boost renewables.

Of a total 97.7 billion yen ($1 billion), 25 billion yen will go toward power grids including a network in Hokkaido, northern Japan, to spur wind power, according to a summary of the budget distributed to reporters. The Cabinet today approved the first cut in total government spending in seven years. The budget needs to be approved by the Diet, Japan’s parliament.