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NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania and Belarus, in order to generate positive environmental effects of interest to the Nordic region.
Topic issue
Plans to establish new fund for environmental technology
The Nordic countries are at the forefront of environmental technology innovation.
Increased R&D spending in all the Nordic countries generates new inventions and
technologies, but it often takes time before these innovations are adopted and realize
their business potential.
upcoming events
HELCOM meeting in Helsinki
The 33rd meeting of the Helsinki Commission will take place in Helsinki 6-7 March.
Workshop on climate change in the Barents region
The Barents-Euro Arctic Council is hosting a workshop on climate change in the Barents region 20-21 March. The workshop will take place at Losby, Norway.
Conference on sustainable use of biomass
The Nordic Council of Ministers is hosting a conference on sustainable production and use of biomass in the Baltic Sea region. Executive Vice President Torben Vindeløv from NEFCO will attend the event, which takes place in Copenhagen 20-21 March.
Seminar on cleantech in Stockholm
A seminar on how to promote investments in environmental technology will take place in Stockholm 21 March. The event is arranged by the Stockholm Cleantech organisation.
Baltic Sea day in St. Petersburg
The 13th international Baltic Sea Day environmental forum convenes in St. Petersburg, Russia 21-23 March.
Arctic Council meeting in Stockholm
The second meeting of the Senior Arctic Officials, during the Swedish chairmanship of the Arctic Council, will take place in Stockholm 28-29 March.
News
NEFCO’s 2011 climate investments generated robust emission reductions
NEFCO reduced carbon dioxide emissions by 3.7 million tonnes in 2011.
NEFCO’s financial accounts for 2011, which were approved by the Board of Directors today, show encouraging environmental results. According to the corporation’s environmental status report, NEFCO’s climate investments in 2011 reduced carbon dioxide emissions by some 3.7 million tonnes, a figure corresponding to the amount of carbon dioxide emitted by 6.75 million persons travelling by airplane from Helsinki to Bangkok.
Strong project activity despite price collapse in the credit market
CFF Operational Review 2011
The Operational Review of NEFCO’s climate finance investments in 2011, has been published today. The review shows that, despite a collapse in the global price on carbon, NEFCO’s Carbon Finance and Funds (CFF) operations undertook an unprecedented level of project related activity during 2011, principally related to the Clean Development Mechanism.
NEFCO joins fact finding mission to Kingisepp, Russia
HELCOM and Russian authorities visit fertiliser plant in Kingisepp
The Nordic Climate Facility receives some 130 applications
NEFCO approves loan for modernisation of meat processing in Belarus
New video on environmental investments in the Barents region
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Tender invitation for funding of projects in the district heating sector in Ukraine
Energy saving investments in Gurievsk, Russia. Watch the video on YouTube