NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances green growth investments and projects primarily in Russia, Ukraine and Belarus as well as climate projects across the world. NEFCO's main focus is to generate positive environmental effects of interest to the Nordic region.
Recent years have been a rewarding time in the protection of the Baltic Sea. Improved wastewater treatment in St Petersburg and actions taken to prevent the discharge of phosphorus at the fertiliser factory on the Luga River in Russia are now bearing fruit.
The World Water Week in Stockholm gathering over 3,000 experts, practitioners, decision-makers, business innovators and young professionals in the water sector will convene 23-28 August.
A global cleantech summit focusing on environmental concerns, green growth and clean technology will take place in Helsinki 8-10 September.
HELCOM's and OSPAR's joint task group on ballast water management will convene in Gdansk 16-17 September.
The Northern Dimension Environmental Partnership's steering group will have its next meeting in Minsk 24 September.
A second call for proposals under the NEFCO Norwegian Carbon Procurement Facility has resulted in the signing of five new projects. The projects are located in Brazil and South Africa, with an estimated delivery of 7.6 million carbon credits.
NEFCO has been chairing the Steering Group of the Northern Dimension Environmental Partnership (NDEP) since 1 July last year and hosted the NDEP Steering Group meeting in Helsinki on 25 June.
The Nopef credit committee has approved financing for 15 new projects carried out by Nordic small and medium-sized enterprises. The total value of these grants is EUR 503,000.