Nordic Environment Finance Corporation

  • International
Type
International
Date approved
19 Oct 2018
Size
Small
ESS Category
Category B, Intermediation 2
Fiduciary standards
Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity)
Nordic Environment Finance Corporation logo

Overview

The Nordic Environment Finance Corporation (NEFCO) was established by the Nordic governments in 1990 in order to support the Nordic countries’ efforts to increase environmental awareness in Eastern and Central Europe by financing projects that reduced emissions harmful to the environment. NEFCO has participated in the development of innovative financing instruments designed to improve the environment and combat climate change. NEFCO typically works in close partnership with its private and public investors. One of the applicant’s current priorities is to promote green growth and further prevent climate change with a focus on interventions related to renewable energy, energy efficiency and the reduction of short-lived climate pollutants, having a positive effect on adaption and mitigation.

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