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Climate Change

Geothermal power sector gains steam in renewable energy race

Japanese turbine makers see opportunities as market expands 40% over decade

Discharged water from a nearby geothermal power plant feed into the volcanic hot springs of the Blue Lagoon in Grindavik, Iceland.   © Reuters

TOKYO -- As geothermal power gains momentum as a viable renewable energy source, Japanese contractors are well positioned to flex their dominance in this growing business.

Environment Minister Shinjiro Koizumi said this spring that the ministry will take the lead to accelerate development of geothermal power as part of the government's goal to reduce greenhouse gas emissions by 46% from fiscal 2013 levels in fiscal 2030.

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