14 DAY TRIAL // Rumor has it that the Japanese government recently decided that investing in green energy sources might help boost national economy, as well as diminish the country's ecological footprint to some extent.
Therefore, about $628 billion (roughly 510 €billion) are expected to go into the Japanese green energy market, mainly in the form of renewable energy subsidies.
Supposedly, Japanese incentives for green energy production will top those in Europe, being far greater than even those offered by Germany and the UK.
Should things go according to plan, the national economy will begin to experience the benefits of this green-oriented program in about eight years.
Interestingly enough, the Japanese government made it public news that it is planning to push for renewable energy sources quite soon after numerous people protested against the reopening of one of the country's nuclear plants.
As we explained time and time again, the Japanese people no longer trust nuclear energy and the like due to the March 2011 Fukushima disaster, which forced numerous individuals to leave their homes because of the radiation perils.
One might argue that investing this much money in wind, solar or geothermal energy can be seen as an attempt to reassure the country's population that high officials are indeed concerned about their wellbeing and that pressing complaints against nuclear energy have been heard.
Business Green informs us that the time limit for greening-up Japan is 2020, and that as soon as next year this nation will boost its green energy production by 13% of its present levels.
From where we stand, regardless of the reasons, it is a good thing that Japan has decided to begin exploiting green resources such as solar, wind and geothermal energy, rather than continuing to resort to the more traditional nuclear power and fossil fuels, especially since these pose great threats both to the environment and to public health.