Bloomberg reports that Japanese PM Fukuda has announced plans to take the lead in developing alternative energy and controlling emissions:

“Over the next five years, Japan will spend $30 billion on new environmental technology at home and provide another $10 billion for developing countries, Fukuda said in a speech today at the World Economic Forum in Davos, Switzerland. Fukuda also proposed a 30 percent improvement in energy efficiency globally by 2020.”

Nice to see someone taking the lead while our leaders waffle. Do you think they see a market opportunity?