October 2020
Nordic Development Fund
The Nordic countries have committed to a EUR 350 million capital increase for NDF designed to deliver Nordic values and much needed finance to fight climate change in developing countries.
As the global climate crisis collides with the Covid-19 pandemic, the Nordic governments of Denmark, Finland, Iceland, Norway and Sweden are pledging to commit knowledge and new resources to build back better and greener. NDF with its agility and capacity to adapt is the ideal vehicle to deliver on this.
The aim of the Sustainable Energy Fund for Africa (SEFA) is to create an enabling investment environment for scaling up the sustainable energy sector in the region.
SEFA is a special fund designed to catalyse private sector investments in early-stage renewable energy and energy efficiency markets to accelerate the transition to more inclusive and green growth in Africa. SEFA is also a delivery vehicle for the African Development Bank’s New Deal on Energy for Africa.
NDF, in partnership with the Asian Development Bank, is helping countries build a pipeline of well prepared, technically sound and climate change responsive projects through the Project Readiness Improvement Trust Fund.
Proadapta Sertao in Brazil is a grass roots community agricultural project helping small livestock and dairy farmers tackle food insecurity and land degradation, in the face of increasing temperatures and recurrent droughts.
The Nordic Climate Facility’s (NCF’s) newly-published Results Report 2019 shows positive climate change and development results from grant-financed activities last year. NCF’s active portfolio supported 13,500 people in 2019: 6,500 with increased resilience to climate change and 7,500 with improved livelihoods, as well as 460 reported new jobs.
The EEP Africa Innovation Window Investment Committee met virtually on 23 September to approve funding for projects submitted under the 2020 call for proposals on Clean Energy Powering Green Growth. This competitive call attracted 357 applications for projects in 14 countries in Southern and East Africa, with EUR 123 million in total financing requested. The new portfolio of 26 projects is projected to create 2,000 jobs and leverage additional clean energy investments of EUR 8.9 million in co-financing.
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.
