Renewable Energy and the Future Direction of Economic Development

Abstract

After observing that the direction of economic development amid a declining population lies in further enrichening capital stock per capita, this paper describes an economic perspective that aims for the balanced development of both growth sectors and sustainable sectors. The paper also argues that the introduction of renewable energy can contribute to both Japan’s growth sectors and sustainable sectors. Notwithstanding this, the paper describes how the policies of both central and local governments are inadequate in their current forms.