Nordic Environment Finance Corporation
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
Economist Anda Zake at Jūrmalas Ūdens. Photo: Patrik Rastenberger
Jūrmala’s deserted streets are not at their most charming during winter. But in summer, this celebrated resort is transformed into something of Latvia’s own Riviera, its fine, sandy shoreline and shallow waters inviting beachgoers in for a swim. With its 55,000 inhabitants and wooden houses, the city is also a popular destination for those living in nearby Riga. The local train to Jūrmala only takes around 30 minutes.
The new wastewater treatment plant in Sloka treats some 6,200 cubic metres daily. Photo: Patrik Rastenberger
Monitoring the flow at Jūrmala. Photo: Patrik Rastenberger
At work in Sloka, Jūrmala. Photo: Patrik Rastenberger
Measuring pollution. Photo: Patrik Rastenberger
Expanding the sewerage network in Jūrmala. Photo: Patrik Rastenberger
Cleaner water for the Baltic Sea. Photo: Patrik Rastenberger
Exposing the financiers at Jūrmala. Photo: Patrik Rastenberger
Janis Vicieps, Manager at the wastewater treatment plant in Sigulda. Photo: Patrik Rastenberger
The plant in Sigulda treats some 1,800 cubic metres of wastewater daily. Photo: Patrik Rastenberger
The Gauja river - a spawning ground for salmon. Photo: Patrik Rastenberger
news
NeCF signed an emission reduction purchase agreement from a hydro power project in Vietnam last year.
[10.3.2010]The Carbon Finance and Funds (CFF) operations of NEFCO expanded in both volume and scope in 2009, against a backdrop of difficult economic conditions globally and political uncertainty regarding international climate policy.
The NEFCO Carbon Fund (NeCF), now with financial resources exceeding 100 million euro, has been active in sustainable energy investments in Asia and Africa. NEFCO's pioneering Baltic Sea Region Testing Ground Facility (TGF), a 35-million-euro regional carbon finance facility, concluded its active procurement and entered fund administration phase in 2009.
NEFCO's investments reduced electricity consumption by 5.5 million MWh last year. Photo: Patrik Rastenberger
[4.3.2010]The Nordic Environment Finance Corporation’s financial accounts for 2009 show encouraging environmental results. The corporation’s environmental status report indicates that, compared to 2008, the emission of environmentally harmful substances in projects co-financed by NEFCO decreased substantially.
Overall, there were considerable reductions in emissions of carbon, sulphur and nitrogen oxides, phosphorus as well as nitrogen.
Events
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[18.3.2010]
The Federation of Finnish Enterprises arranges a conference on the potential for Finnish investments in the Russian Barents region. The conference will convene the 18th March in Helsinki, Finland. NEFCO will chair one of the workshops at the conference, which is expected to attract a wide range of Finnish companies interested in expanding their business operations in the Barents region.
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[21.3.2010]
The International Barents Secratariat's working group on environment convenes in Kiruna, Sweden 19-21 March 2010. Sweden holds the presidency of the Barents Euro-Arctic Council this year.
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[24.3.2010]
The international environmental forum "Baltic Sea Day" is arranged for the 11th time in St. Petersburg, Russia 22-24 March. The forum is expected to attract hundreds of decision makers and stakeholders from all Baltic Sea countries.
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[26.3.2010]
The Danish Ministry of Finance and NEFCO are hosting a workshop on the topic "Nordic perspectives on carbon market mechanisms - lessons learned". The workshop, which takes place 26 March in Helsinki, Finland, is intended for Nordic government officials from the national development agencies.
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[26.3.2010]
An international conference on energy issues will take place at Expocentr in Moscow 24-26 March 2010. Russia Power is a three day event, which covers the key business issues and latest technologies to safeguard the future of the Russian power industry.
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[11.4.2010]
The next round of formal UN climate change negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) is scheduled to take place in April in Bonn, Germany. The meeting will be held from Friday, 9 April through Sunday, 11 April 2010 at the Hotel Maritim in Bonn, Germany.
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[28.4.2010]
The next Senior Arctic Officials meeting hosted by the Arctic Council will take place in Illulisat, Greenland 28-29 April. NEFCO has observer status at the Arctic Council.
