JAPAN BIOMASS FUEL INCENTIVES LEAD TO PALM OIL SURGE

11/27/2017

Japan's move to cut dependence of imported fossil fuels has led to a surge in the shipment of palm oil. The government instituted incentives after the Fukushima disaster in 2011, which guaranteed prices for power generated by renewable sources of energy. Palm oil is becoming more popular as facilities that burn it are the cheapest to build. While palm oil is arguably carbon-neutral, environmentalists scorn its use, which contributes to deforestation and loss of peatlands. For the full story see https://www.bloomberg.com/news/articles/2017-11-07/where-green-incentiv…;