Japan, a large energy importer where coal and gas make up two-thirds of electricity generation, has one abundant domestic renewable energy source that has remained untapped geothermal energy.
Geothermal resources in Japan, thought to be the world's .
Power generation has been a delicate problem for densely populated Japan, but now experts claim that the country could generate around 10% of its electricity needs with geothermal energy.
For decades, new plants have been blocked by powerful local interests, the owners of hot spring resorts, that say the sites threaten a centuries-old tradition.
“I can’t say I’m not concerned,” said Masami Shibata of Abe Ryokan, one of Yuzawa’s hot spring inns. Still, geothermal energy has become a part of Yuzawa city’s fabric, she said. “I think it’s possible for both hot springs and geothermal to coexist.”
Although Covid, inflation and the energy crisis related to the war in Ukraine have strained government budgets everywhere, it would be shortsighted to ignore the significance and potential of investing in climate financing. According to Devesh Kapur, a pr