Monday, November 03, 2014

Japan gets green boom-and glut

Japan gets green boom _ and glut:
“Kyushu electric shock is spreading in a domino effect,” said Oba. “It’s like fraud on the national level, with utility companies and the government in cahoots with each other.”
Traumatized by the world’s worst nuclear disaster since Chernobyl and encouraged by the highest rates for renewable energy in the world, Japan has been undergoing a green boom. It’s now rapidly turning into a fiasco as the cost proves prohibitive and utilities anticipate putting some nuclear reactors, shuttered since the March 2011 Fukushima disaster, back online. The unfolding green glut in Japan echoes similar experiences in Germany and Spain.

No comments: