Japan's Feed-in Tariff program

Japan’s Feed-in Tariff (FIT) program is a government policy that promotes renewable energy by guaranteeing fixed, long-term payments to energy producers who generate electricity from sources like solar, wind, or hydro. This helps encourage investments in clean energy projects by ensuring these producers can sell their electricity at stable rates for a set period. The program aims to increase renewable energy capacity, reduce reliance on fossil fuels, and address climate change. Payments are typically funded through surcharges on consumer electricity bills, supporting a transition to a more sustainable energy system.