Nordic Environmental Finance CorporationNordic Environmental Finance Corporation Contact: Ash Sharma
The Nordic Environment Finance Corporation (NEFCO) is an international finance institution established in 1990 by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. To date, NEFCO has financed a wide range of environmental projects in Central and Eastern European countries, including Russia, Belarus and Ukraine. From its headquarters in Helsinki, NEFCO’s activities are focused on projects that achieve cost-effective environmental benefits across the region. NEFCO prioritizes projects that reduce releases of climate gases, improve the ecological status of the Baltic Sea or mitigate release of toxic pollutants. The NeCF invests in a wide tyopology of projects by providing carbon finance to renewable energy, energy efficiency, fuel switching and other investments. The principal target markets are the Russian Federation, Ukraine, People’s Republic of China, South East Asia and India although other regions will also be considered.
NEFCO administers a number of financing instruments including: Investment Fund, Environmental Development Fund, Carbon Fund (NeCF), and others. Finance instruments range from equities, loans, purchase of greenhouse gas emission reduction credits, and grants. The NeCF will invest in projects owned and operated by private enterprises, public utility companies, public-private partnerships and municipal, regional or governmental authorities.
The NeCF will invest in a wide range of GHG mitigation projects including but not limited to renewable energy projects (e.g. biomass, small-scale hydropower, wind, geothermal), energy efficiency and fuel switching, methane capture from landfill gas and coal mine/beds, N2O and reduction of industrial GHG emissions.