Japan Launches $1.3 Billion Investment Scheme for Clean Power Users

Japan will provide investment subsidies of a total of $1.3 billion (210 billion Japanese yen) over five years to companies using only clean power, as the world’s fifth biggest carbon dioxide emitter looks to bolster renewable energy usage. The funds will be available for five years beginning in the 2026 fiscal year to companies, including data centers, which rely entirely on clean energy. The investment subsidy scheme will cover up to 50% of these firms’ capital expenditure on becoming 100% clean energy-powered, Juntaro Shimizu, director of the Green Transformation (GX) policy group at the Japanese Ministry of Economy, Trade and…