The Danish Carbon Fund (DCF) was established in January 2005 with two public sector participants (the Ministry of Foreign Affairs of Denmark and the Ministry of the Environment of Denmark) and a private sector participant (DONG Energy). In the summer of 2005, three other private sector participants (Aalborg Portland, Nordjysk Elhandel, and Maersk Olie og Gas) joined the DCF. In 2008, the participations in the DCF of the Ministry of Foreign Affairs and of the Ministry of Environment were transferred to the Ministry of Climate change and Energy of Denmark. The present capitalization of the Fund amounts to $68.5 million.
The DCF is open to considering CDM projects throughout the developing world, as well as in countries with economies in transition, without favoring one particular region over another. The DCF has also adopted a pragmatic and flexible approach with respect to the technologies that it considers for its portfolio, albeit it has a preference for projects in the areas of wind power, combined heat and power (co-generation), hydropower, biomass, and landfills.
DCF participants are also interested in ensuring that smaller communities that are particularly vulnerable to climate change benefit from the CDM and associated sustainable development benefits. A portion of the DCF capital ($5.125 Million) has thus been committed to the World Bank's Community Development Carbon Fund.
Click here for more information on the DCF
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