IDB, with support from NDF, is set to replenish its NDC Pipeline Accelerator Fund

With NDF as its anchor donor, Inter-American Development Bank (IDB) is set to replenish its NDC Pipeline Accelerator Trust Fund (ACL) with a total of EUR 10 million. Established in 2017, it finances climate action and mobilises capital towards climate positive investments in Latin America and the Caribbean with the public and private sector actors.

Together with other donors, NDF has worked on placing greater results emphasis on adaptation impacts, resource mobilisation, and on increasing gender equality and inclusion, which will help to find climate solutions.

Organic waste-fed larvae turned into sustainable fish feed in Tanzania

In Tanzania, aquaculture production is essential for the livelihoods of people living in local communities. However, it heavily relies on expensive imported feed or poorly produced local alternatives, which strain the economy and harm the environment. To address the pressing challenge of unsustainable aquaculture production, the Nordic Climate Facility (NCF), managed by NDF, financed a project to make fish feed more sustainable and economically beneficial for the locals. The solution: Growing Black Soldier larvae by organic waste and then turning them into an aquaculture meal.

NDF boss sees a momentum for more joint Nordic climate efforts

Managing Director, Satu Santala, who stepped into her role this spring, has a clear ambition to scale up the fund's project portfolio and cooperate more with Nordic partners.

“NDF has a solid foundation and a good reputation with partners. Building on that and taking NDF further is super exciting,” says Satu Santala to Development Today.

Remarkable scale-up in our project financing

To continue strengthening our institution as a key value-adding instrument of the Nordic countries – aiming at advancing global climate action – it has been crucial to scale up our financing. In 2024, NDF has approved a remarkable EUR 52 million in financing climate projects, surpassing last year's total of EUR 39 million. This means more support for crucial climate initiatives.

“NDF is now an institution that I truly believe can live up to the expectations of making a bigger-than-its-size contribution to global development and climate finance,” Santala says to Development Today.

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Nordic leadership in addressing climate change and development challenges

We advance Nordic leadership in addressing climate change and development challenges through financing, knowledge and partnerships. Together with our strategic partners, we develop, launch and scale high-impact projects to support developing countries and the most vulnerable people affected by climate change.