Nordic Environment Finance Corporation
NEFCO is an international finance institution established by the five Nordic countries. NEFCO finances investments and projects in Russia, Ukraine, Estonia, Latvia, Lithuania and Belarus, in order to generate positive environmental effects of interest to the Nordic region.
topic issue
Forester Urban Larsson from Rindi Energi is surrounded by logging residues. This is bio fuel!
The bleak autumn sunshine offers welcoming warmth as we approach a felling area in Gotsa in the proximity of Grodno in western Belarus. The local forestry company Grodno PLHO and the Grodno Region Forestry Board are responsible for the administration and clearing of the state-owned forests in the region.
The forests in the Grodno-region are FSC-certified. Photograph: Patrik Rastenberger
Logging operations in Gotsa, Belarus. Photograph: Patrik Rastenberger
Around 7 million saplings are produced per year to ensure reforestation in the Grodno region. Photograph: Patrik Rastenberger
Andrei Bui, Head of Forester Department is briefing Urban Larsson about planned reforestation. Photograph: Patrik Rastenberger
Biofuel. Belarus has set a goal to increase the share of renewable energy to 25 per cent of total production by 2012.
news
Signs of severe eutrophication. Toxic algal blooms in Korpo, Southwestern Finland. Photograph: Matti Snellman/NEFCO ©.
[28.10.2008]During its chairmanship of the Baltic Marine Environment Commission (HELCOM), known also as the Helsinki Commission, Russia is seeking to broaden the international cooperation on the Baltic Sea and focus greater political attention on its ecological status.
The Commission’s Chairman, Igor Maydanov, suggests that the heads of state of the member countries should be involved in decisions that affect the Baltic Sea Action Plan.
The global wind energy sector grew with 27 per cent in 2007.
[15.10.2008]The Nordic Environment Finance Corporation announced on Wednesday that its Carbon Fund (NeCF) has signed Agreements to procure emission reductions from a wind energy project in Jiangsu province, and a small hydro project in southwest China. The projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM). These are NEFCO's first projects in China.
Events
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[24.11.2008]
Project Manager Hanna-Mari Ahonen from NEFCO will be presenting at the South East Europe Renewable Energy Conference to be held in Bucharest, 24 November 2008. She will be speaking on the topic "What are Investors Looking for in a Renewable Energy Carbon Finance Transaction?"
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[24.11.2008]
Investment Manager Maria Maliniemi has been invited to a conference for Russian Cleaner Production Programme Advisers. Maliniemi will give a presentation on the possibility of using NEFCO's Revolving Facility for Cleaner Production in order to contribute to the elimination of environmental hot spots. The conference is arranged by the Russian Cleaner Production and Sustainable Development Centre in Moscow 24-26 November.
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[26.11.2008]
Managing Director Magnus Rystedt will present NEFCO's climate-related investments in Russia at a side-event at the conference Nordic Climate Solutions in Copenhagen 25-26 November. The side-event will be moderated by Senior Director Harro Pitkänen from the Nordic Investment Bank. The Nordic Climate Solutions is the most influential assembly of prominent thought leaders, innovators, CEOs and policymakers in all fields of the low carbon economy from the Nordic region and beyond. About 1000 international decision makers are expected to participate in the event.
- [13.10.2008]
- [17.9.2008]
- [25.8.2008]
