Experts say Japan's commitment to be greener has spurred more foreign direct investment (FDI) in renewable energy in recent years. "It is now switching to a competitive renewable energy scheme starting with solar PV (photovoltaic), and potentially for other technologies to bring renewable energy generation more in line with the reality of the local market." And, new, disruptive technologies will increase the uptake of renewable energy solutions, as prices drop below those of traditional energy sources," he said. The Renewable Energy Country Attractiveness Index, which covers 40 countries, shows that China and India have overtaken the US as the top destinations for renewable energy investments, thanks to government policies. It has added 10 GW of solar capacity in the last three years.

Source: Bangkok Post December 11, 2017 09:00 UTC