NEFCO buys carbon credits from fuel switch project in Russia

NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.