Day: August 30, 2011

Japan adopts feed-in tariff to boost renewables

To Bloomberg : ” Japan approved a bill today to subsidize electricity from renewable sources, joining European nations in shifting away from nuclear power after the Fukushima reactor meltdowns in March.” ” (…) The bill allows for incentives that guarantee above-market rates for wind, solar and geothermal energy. The so-called feed- in tariff created a …

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Hurricane Irene may cost US economy $20 billion

To ABC News : ” It’s time to clean up Irene. The hurricane’s destructive path through 10 East Coast states left an estimated $7 billion to $13 billion of damage in its wake — without even accounting for economic losses.” Estimates could climb to $20 billion (14 billion euros) if economic lost were taken into …

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