The Ministry for Foreign Affairs of Finland and NEFCO have today signed an agreement to set up a trust fund that will provide financial support to energy-efficiency and renewable energy projects in Ukraine. The total value of the new trust fund is EUR 6 million.
The framework agreement between NEFCO and the Government of the Republic of Armenia, signed in November last year, has entered into force following the ratification of the framework agreement by the parliament in Armenia.
NEFCO’s Environmental and Sustainability Guidelines have been updated to better reflect today’s climate and sustainability goals. As before, projects to be financed by or through the Corporation must have a direct or indirect positive environmental and sustainable impact.
At the UN Climate Summit on 14 November, NEFCO arranged a discussion on how to mobilise green investments for smart solutions. A broad variety of innovative climate solutions and alternative ways of project financing were presented. The event was opened by NEFCO’s Managing Director Magnus Rystedt, who gave an overview of our activities.
NEFCO's side event Mobilising green investments for smart solutions will be on 14 November at 10.00-11.30 at the Nordic pavilion. The discussion will focus on how to accelerate green investments through smart climate solutions and it will be moderated by Janne Peljo from Sitra.
The Committee for Nature Use, Environmental Protection and Ecological Safety of St. Petersburg; the State Unitary Environment-Protection Enterprise; the Krasny Bor Landfill and NEFCO have signed a Memorandum of Understanding on improving the environmental status of the Krasny Bor hazardous waste site.