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

29.01.2015

The working group for the Arctic Contaminants Action Program will convene 27-29 January.

11.02.2015

The Danish Board of District Heating is hosting an event on energy efficiency in Kiev 9-11 February.

12.02.2015

The Baltic Sea Centre at Stockholm University is 12 February arranging a seminar on sea-based measures to reduce consequences of eutrophication.

19.02.2015

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

26.02.2015

A conference on energy efficiency will convene in Murmansk 25-26 February.

04.03.2015

The contracting parties to the Helsinki Convention will convene in Helsinki 3-4 March.

05.03.2015

NEFCO's Board of Directors will convene in Helsinki 5 March.

20.03.2015

The 16th international environmental forum the Baltic Sea Day will be held 18-20 March in St. Petersburg.

26.03.2015

A seminar on water protection in municipalities will be held in Tallinn 26 March. The event is organised by the Citywater project in co-operation with the Association of Estonian Cities.

News

The project in Poltava comprises installation of individual heat substations. Photo: Patrik RastenbergerThe project in Poltava comprises installation of individual heat substations. Photo: Patrik Rastenberger

23.1.2015 |

The city of Poltava in eastern Ukraine and NEFCO have signed a loan agreement aimed at upgrading the city’s district heating system. The demonstration project will enable the renovation of a boiler plant with fully automated gas boilers.

Combating climate change is one of NEFCO's key priorities. Photo: Patrik RastenbergerCombating climate change is one of NEFCO's key priorities. Photo: Patrik Rastenberger

21.1.2015 |

A total of 18.86 million certified emission reduction units (CERs) have been contracted from ten projects under the Norwegian Carbon Procurement Facility (NorCaP). 

Collection of logging residue for bioenergy in Gotsa, Belarus. Photo: Patrik RastenbergerCollection of logging residue for bioenergy in Gotsa, Belarus. Photo: Patrik Rastenberger

21.1.2015 |

NEFCO and the Belarusian government have signed a framework agreement acknowledging NEFCO’s status as an international financial institution in Belarus. The signing of the agreement, which took place at EBRD's headquarters in London, will pave the way for a substantial increase of NEFCO’s lending operations in the country, not least within the municipal sector.