Japan Greenhouse Gas Reduction Fund (JGRF), country’s  first carbon fund  finances Japan Carbon  carbn finance, ltd. (JCF)   to promote GHG  gas reduction projects and to buy  CERs/ERUs credits resulting out of the projects,  for use in the first commitment period,  2008 -2012. Some of the emission reduction purchase agreement (ERPA) JCF has entered in to, with the projects are interesting such as 1) project of improving charcoal manufacturing process replacing burning process of coconuts shell to effect reduction of 45 thousand CO2e tons/ year in Srilanka. 2) Bundled Wind Power Project Construction of wind farms and selling power to the grid to effect emission reductions by about 300 thousand CO2e tons/year. 3) Improving energy efficiency in the plants to reduce emissions by1 million CO2 equivalent tons (2008-2012) 4)  Coal Mine Methane Power Generation Project to reduce about 2 million CO2e tons/year. It is inspiring to note the technological innovations and improvements being adopted in fighting environmental issues. Source:.jcarbon.co.jp. The news is here.http://www.jcarbon.co.jp/JCF_HP/ 04_new/ 04new.html#what_08