Five Japanese Firms Earn Certified Emission Reduction Credits

The Clean Development Mechanism (CDM) Executive Board awarded the world's first emission credits to five Japanese companies, including Fuji Photo Film Co. via the World Bank's Community Development Carbon Fund (CDCF), it was announced on October 21, 2005. These companies and overseas enterprises and government organizations made investments in the La Esperanza Hydroelectric Project (Honduras), a project of the CDCF. The other four Japanese companies are Idemitsu Kosan Co., Nippon Oil Corp., the Okinawa Electric Power Co., and Daiwa Securities SMBC Principal Investments Co..

In this project, two hydroelectric power plants producing a total of 12.7 megawatts of power in Esperanza, the Republic of Honduras, Central America, supply electricity to about 40,000 residents in the city and its suburbs. It is expected to result in the 37,000 tons fewer greenhouse gas emissions per year through 2024.

The CDCF is a fund that gives financial support to small-scale projects in developing countries that aim to reduce greenhouse gas emissions by using renewable energy sources, such as water, wind and solar power, in line with the Kyoto Mechanisms. Many other overseas enterprises and government organizations also invest in the CDCF, and project participants receive credits for emission reductions that are equivalent to the amount of the investment within the volume of greenhouse gases reduced.

http://home.fujifilm.com/info/profile/index.html
http://cdm.unfccc.int/EB/Meetings/019/eb19repan11.pdf

Posted: 2005/12/08 10:36:47 AM
Japanese version