Objective :
To purchase CERs and ERUs (ERs) issued for the crediting period until 2012 from CDM/JI projects.
President :
Koichiro Fukui
JCF Stockholders :
Japan Bank for International Cooperation (JBIC), Development Bank of Japan Inc. (DBJ),
Chubu Electric Power Co., Inc., The Tokyo Electric Power Co., Inc., Nippon Oil Corp.,
Mitsubishi Corp., Mitsui & Co., Ltd., Sumitomo Corp.
Frameworks :
Called gJapan GHG Reduction Fund (JGRF)h, USD 141.5 million,
2nd framework and 3rd framework.
JCF's Framework on Purchase of Carbon Credits
JGRF Providers :
Major Japanese private enterprises and policy-based financial institutions. JCF was established by some of major fund providers including Japanese policy-based financial institutions.
Sector
Fund Providers
Utility
 Chubu Electric Power Co., Inc., Tohoku Electric Power Co., Inc., The Tokyo Electric Power Co., Inc., The Chugoku Electric Power Co., Inc., Electric Power Development Co., Ltd. (J-Power), Hokkaido Electric Power Co., Inc., Hokuriku Electric Power Co., Inc., The Kansai Electric Power Co., Inc., Kyushu Electric Power Co., Inc., Shikoku Electric Power Co., Inc., The Okinawa Electric Power Co., Inc., Tokyo Gas Co., Ltd.
Oil &
Manufacturing
 Nippon Oil Corp.*, Idemitsu Kosan Co. Ltd., Japan Energy Corp., Sony Corp., Toshiba Corp., Sharp Corp., Fuji Xerox Co., Ltd., The Japan Iron and Steel Federation, Taiheiyo Cement Corp., Toyota Motor Corp., Terumo Corp.
Trading
 Mitsubishi Corp., Mitsui & Co., Ltd., Sumitomo Corp., Itochu Corp., Marubeni Corp., Sojitz Corp.
Engineering
 @ JGC Corp.
Policy-based
Financial
Institution
Japan Bank for International Cooperation (JBIC), Development Bank of Japan Inc. (DBJ).
* JX Nippon Oil & Energy Corp. after July 1, 2010.
Project Development Cost (PDD Preparation, Validation, etc.) :
To be borne by JCF in principle with a certain ceiling.
Timing of Payment :
Payment on delivery in principle.
Purchase Price :
To be decided on project-by-project basis through project selection process.
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