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Friday, 7th January 2011
In General Japan News,

Japan supports eco projects

A public-private initiative is set to invest in overseas projects that aim to build so-called 'green cities'.

According to the Nikkei newspaper, the Innovation Network Corp of Japan is set to invest around 130 billion yen in developments in China and across south-east Asia to help lower pollution and increase the use of renewable energy.

The Innovation Network, which consists of 19 corporate companies, has confirmed that it will provide a total of ten billion yen to a partnership which includes Mitsubishi Heavy Industries, Mitsubishi Corp and Electric Power Development to begin a green project in India.

Located in Gujarat state, the new project could provide residents with access to solar power and eco-friendly water processing facilities.

In addition, Japan's ministry of economy, trade and industry is also planning to use around 40 billion yen in funds to fund smart-community developments abroad in 2011.

Written by Mark Smith.