According to the cited article published this January, Japan was gearing up to invest $6.4 billion in green technology over the next 15 months. Nearly $2 billion of that investment would’ve been culled from government subsidies, with the rest coming from major tech companies, including Sharp, Panasonic, and Toshiba.
In light of the catastrophic earthquake and tsunami in March, it would be understandable if priorities have shifted. Major harm was done to the Japanese economy, with the estimated damage reaching tens of billions of US dollars. The nuclear disaster stemming from the quake has organizations like Greenpeace urging Japan to move away from nuclear power and towards wind and solar energy. Greenpeace estimate that the switch would require $280 billion in investment in the next ten years.
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