NDF Newsletter January 2019
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| | The NDF Board of Directors approved NDF support to the Climate Resilience and Adaptation Finance and Technology Transfer Facility (CRAFT) with a financing commitment of EUR 10 million.
CRAFT is the first commercial investment vehicle dedicated to expanding globally the availability of technologies and solutions for climate change adaptation and climate resilience. CRAFT will invest in private companies with climate resilience solutions and strong growth potential. While CRAFT’s investment strategy is global, at least two-thirds of investments will be directed to developing countries, where much of the need - and the growth- is found. The CRAFT concept has been developed by The Lightsmith Group, and it was endorsed at the Global Innovation Lab for Climate Finance competition in 2017. | |
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| | Should climate finance be directed to innovation? On Tuesday 12 December, 2018, the Nordic Development Fund invited COP24 participants to pit their ideas against each other in a unique debate game. The event was lauded as a welcome shift from the usual one-way communication model that characterises conference gatherings. | |
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Plan International Bangladesh received Urban Resilience Award for its Nordic Climate Facility-financed Community-Driven Climate Adaptation project. | |
At the Sustainable Blue Economy Conference in Nairobi NDF participated in the presentation of early findings of a study on climate change impacts and fisheries. | |
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| | The EEP Investment Committee, consisting of representatives from the Ministry for Foreign Affairs of Finland (MFA), Nordic Development Fund (NDF), and Austrian Development Agency (ADA), convened on 13 November in Pretoria to confirm the selection of projects to be funded from the 14th Call for Proposals. After a fruitful day of presentations and discussion, 29 projects, with a portfolio size of EUR 14 million, were selected. | |
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| | NDF’s new publication Spurring climate innovation through challenge funds explores innovation spurred by two challenge funds that are managed by NDF, the Nordic Climate Facility (NCF) and the Energy and Environment Partnership covering Southern and East Africa (EEP Africa) Trust Fund. It is the first time a systematic approach has been used to assess how NDF fosters innovation through these challenge funds. | |
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