The fund is a public-private partnership between the Government of Denmark and Danish private companies. It is administered by the World Bank and it is dedicated to facilitate the acquisition of Clean Development Mechanism (CDM) credits for Denmark through investment in developing countries and economies in transition.
Generate CDM credits for the Danish government while facilitating climate change-related improvements in developing countries.
Participation to the fund is open to both the public and private sector.
Developing countries and economies in transition.
All CDM and Joint Implementation (JI) projects are eligible, except Land Use, Land-Use Change and Forestry (LULUCF) projects. However a preference is given to projects dealing with renewable energy; wind power; combined heat and power; hydropower; biomass and clean fuels; and landfill projects. Priority will also be given to projects that match areas of the CO2 market in which Danish companies have a leading position and to small-scale projects more generally.
For all funds administered by the World Bank, project proponents must complete and submit a Project Idea Note in order to receive feedback and instructions on how to proceed. All the necessary forms can be downloaded from the website. Additionally, for this Fund only, a mandatory Community Benefits Questionnaire is also available.
As the current Kyoto Protocol commitment period will close at the end of 2012, access to this fund is limited to very low-risk initiatives at an advanced stage of preparation.
USD 131 million.