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.

Topic issue

Chernihiv is rolling out a range of energy efficiency projects in order to cut heat consumption and save money. We met with the city's decision makers in September and visited two schools which were being refurbished.

upcoming events


Oslo Renewable Energy and Environment Cluster is arranging a workshop on the art of turning waste to energy. The event takes place in Oslo 21 January.


The 9th Arctic Frontiers conference will be held in Tromsø, Norway 18-23 January. The theme for the conference is climate and energy.


The 9th Energy Forum will convene in Karpacz, Poland 22-24 January 2015. One of the main topics tackles the role of international financial institutions in Eastern Europe.


The 4th global geothermal energy summit will take place in Reykjavik, Iceland 18-19 February.


Replacing draughty windows can reduce energy consumption by 8-15 per cent. Photo: Patrik RastenbergerReplacing draughty windows can reduce energy consumption by 8-15 per cent. Photo: Patrik Rastenberger

16.12.2014 |

NEFCO and the city of Konotop in Ukraine have signed a loan agreement on financing energy efficiency investments in communally-owned buildings. The project aims at refurbishing the city’s District Hospital and a music school for children in order to reduce energy consumption and save costs.

Recycling plant in Surco, Peru. Photo: GreenStreamRecycling plant in Surco, Peru. Photo: GreenStream

11.12.2014 |

A proposal for a Nationally Appropriate Mitigation Action (NAMA), a set of climate policies, in the solid waste sector was presented at the twentieth session of the conference of the parties from the United Nations framework convention on climate change (COP20).

The suburbs of Nairobi, Kenya. Photo: Kari Hämekoski, NEFCOThe suburbs of Nairobi, Kenya. Photo: Kari Hämekoski, NEFCO

25.11.2014 |

Four million euros have been allocated today by the Board of Directors of the Nordic Development Fund (NDF) for a fifth Nordic Climate Facility (NCF) Call for Proposals with the theme Climate Resilience in Urban and Private Sector Contexts.