The land of the rising solar

Japan is quickly becoming a solar powerhouse, ready to surpass the US for the number two spot and chase China at the top. Elsewhere, retroactive moves hurt confidence in some European countries and carbon prices lift.

The brightest places on Earth for renewable energy often have less to do with the weather and more to do with policy support. Some countries soaked up the rays last week, as others looked like risking their place in the sun.

The light shone on Japan last Thursday as a Bloomberg New Energy Finance report identified the island nation as a growing giant in the solar market. This is due, in large part, to its generous feed-in tariff for energy from renewable sources.

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