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Danish energy giant, Dong Energy, and the Danish Embassy in South Africa on Wednesday signed an agreement that would see the embassy assist the company to enter the Clean Development Mechanism (CDM) market in South Africa.
The embassy would help Dong to identify projects in South Africa where it could get involved. Already on the horizon were possible CDM projects with mining companies, as well as in the low-cost housing market, working with municipalities, private sector housing project developers, as well as the Department of Housing.
Dong Energy head of carbon dioxide funds and purchases Cilla Harpsøe Clausen explained that realistically the company would like to start investigating three or four CDM projects to be involved in. Projects often take up to two years to be developed.
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