Japan Sets Up Clean Energy Fund to Revitalize Regional Economies
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Japan’s Ministry of the Environment set up a fund to invest in clean energy projects to support regional companies and reduce carbon dioxide emissions.
The ministry has set aside 1.4 billion yen ($14 million) for the fund for fiscal 2013, said Kazuhiro Okuma, an official in charge of the fund. The fund will invest in projects with private investors for as much as a half of equity.