The Nordic Climate Facility
The Nordic Climate Facility is financed by the Nordic Development Fund and implemented jointly with The Nordic Environment Finance Corporation. It provides funding for projects that have a potential to combat climate change and reduce poverty in low-income countries.
Irrigation of farmland and providing clean water in the world's poorest countries is some of the key areas of the Nordic Climate Facility. (Photo: Stockxpert)
The Nordic Development Fund (NDF) has pledged four million euros for a new Nordic Climate Facility (NCF). The new financing facility, which is a cooperative venture between NDF and the Nordic Environment Finance Corporation, NEFCO, was launched in September 2009. The new financing facility is mainly aimed at promoting innovative cooperation between Nordic organisations, companies and local stakeholders in the poorest developing countries.
From October 2009, project proposals related to two areas; water resources and energy efficiency, could be submitted to NDF and NEFCO. The facility may approve 150,000-500,000 euros per project as grant financing for climate -related projects in the poorest countries of Africa, Asia and Latin America.
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