August 19, 2008

Dong Energy, Care to Collaborate on Climate Projects in Ghana and Vietnam

Care Danmark, the Danish branch of the Cooperative for Assistance and Relief Everywhere humanitarian agency, and Dong Energy have entered into a collaboration agreement on the development of energy projects, for the sustainable upliftment of the poor in Ghana and Vietnam.

According to Dong Energy, the world's poor are the most vulnerable to climate change, and they depend on energy for their daily survival and for them to be able to improve their living conditions.

Care Danmark and Dong plan to support local projects ensuring climate-friendly utilization and production of energy. Care's task will be to identify and develop poverty-oriented climate projects, and Dong will contribute with know-how and financial support as well as buying any clean development mechanism credits generated by the projects.

Anders Eldrup, CEO of Dong Energy, said: "We are delighted to be able to co-operate with Care Danmark on activities, which improve living conditions for people in poor local communities. We hope that the agreement will herald the start of a number of climate projects that prove sustainable in the long term."