The 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is held 3 - 14 December in Katowice in Poland. In connection to the Nordic Finance day on Tuesday 11 December NEFCO is arranging two events in Katowice at the Nordic pavilion and taking part in a panel discussion of an official UNFCCC side event.
NEFCO has signed a convertible loan agreement with Loudspring Plc to a total amount of up to EUR 2.5 million. Loudspring is an industrial group focused on saving natural resources through investments and ownership in Nordic growth businesses that are making a big environmental impact. The technologies of these companies save energy, water and materials in industry, real estate and in everyday life.
NEFCO has signed a loan agreement with the city of Kropyvnytskyi in Central Ukraine to implement energy-saving measures in the city. The building of the comprehensive school No. 31 will be refurbished and the street lighting upgraded. In addition to saving energy and mitigating climate change, these measures are expected to bring a range of benefits to the citizens in their everyday life.
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 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.