The acquisition is financed by the European Bank for Reconstruction and Development (EBRD), the Finnish Fund for Industrial Cooperation Ltd, Finnfund and Nordic Environment Finance Corporation, NEFCO
NEFCO sponsors a broad range of environmental projects that are interesting for the members of the association in Eastern Europe.
NEFCO backs different environmental projects targeted at enhancing the ecological situation in Northern Europe.
is an international financial institution established by the five Nordic countries.
In September 2013, the Norwegian government and the Nordic Environment Finance Corporation NEFCO signed an agreement to procure carbon credits for Norway in the second commitment period (2013-2020) of the Kyoto Protocol.
NEFCO invites project owners and other interested parties to submit offers on future deliveries of certified emission reductions (CERs) from vulnerable projects.
Also, in order to implement energy efficiency measures in the heat sector Demo Ukraine project in the amount of 10 million euros is being implemented in Ukraine together with the NEFCO
The Ministry of Finance has signed an agreement with the Nordic Environment Finance Corporation, NEFCO
, to purchase carbon credits in the second commitment period of the Kyoto Protocol (2013-2020).