NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania, Moldova 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.
NEFCO and the Belarusian company OJSC Keramika have signed a loan agreement to modernise the company’s energy supply system. NEFCO will provide EUR 500,000 for the project from its Cleaner Production Facility.
NEFCO assumed the chairmanship for the Northern Dimension Environmental Partnership (NDEP) from 1 July. NEFCO will manage the activities of the Steering Group, which is responsible for coordinating environmental development projects in the Northern Dimension Area of Northwest Russia and Northern Belarus.
Nordic Environment Finance Corporation has as the facility manager of the NEFCO Norwegian Carbon Procurement Facility (NorCaP) decided to close its procurement of CERs under the first Call for Proposals.