On Feb.24th, Japan’s Ministry of Economy, Trade and Industry announced it will make a substantial cut to the PV rate in its feed-in tariff (FiT) program for renewable energies. The rate of return for the PV system as a whole has also been revised significantly downward. This in turn seriously affects Japan’s 2015 PV market, which is projected to shrink perhaps by 20%. This will naturally add uncertainties to the global market.
Chai Jing’s documentary, “Under the Dome” has stirred up Chinese society’s deep concern about smog and other pollution problems that are widespread in the country. While China annual GDP on average has grown by about 10% over the last 20 years, the amount of GDP spent on addressing environmental issues during the same period has seen less than 1% growth.