Today at its 21st Board meeting in Bahrain, the Green Climate Fund (GCF) decided to include the Nordic Environment Finance Corporation (NEFCO) as one of its accredited entities. GCF is a global fund created by the United Nations Framework Convention on Climate Change (UNFCCC) to support the efforts of developing countries to respond to the challenge of climate change. The accreditation offers new opportunities for NEFCO to blend its financing with GCF and other accredited entities’ funds and further increase the capabilities of developing countries to grow in a sustainable way.
The Arctic Council Project Support Instrument (PSI), administered by the Nordic Environment Finance Corporation NEFCO, has approved a project aimed at improving the conservation of declining Arctic migratory bird populations that use the Circumpolar Flyway.
NEFCO has signed grant agreements with the cities of Bakhmut and Rubizhne for the implementation of energy-efficiency measures. The cities will receive EUR 400,000 and EUR 420,000 in grant financing respectively.
NEFCO and the Finnish company Salmela-Yhtiöt Oy have agreed to invest in the Latvian company Blue Circle SIA to start ecological fish farming near Riga in Latvia.
A new Swedish funding programme for the development of long-term sustainable district heating systems in Ukraine was announced today at the Nordic Green to Scale seminar.
The Finland Ukraine Trust Fund, which provides financial support to both private and public energy-related projects in Ukraine, has been launched and has received much interest in both countries.