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"In addition to being responsible for reducing energy and fuel bills of the state for several years, we have to be a proactive and responsible contractor for the system."
He noted that while the "no carbon business" model may work well for small-scale economies such as Japan, where electricity, water and transportation are a major challenge, the technology needs to improve so the process of carbon sequestration is improved.
"That means you have to pay for a better process of carbon sequestration such as the reduction of energy by some kind of electricity," he said.
The company said it "will bring about significant benefits with the increased use of carbon credits".
The new solar power plant in Japan will start its first decade of operation in July. The plant has so far received government approval.
However, with the government's support, companies such as solar in Japan can focus on developing power-efficient solar power systems that cost between ¥1,000-1,650 a kilowatt hour and can be powered by renewable energy for under an hour.
The government gave a small sum of cash in 2003 to purchase a 15-year-old project to create a small-scale project, but it was not fully funded in time to produce the electricity needed by the company.
(Nikkei)


















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