NDF - Financing for climate change and development projects

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Nordic Council Session 2015. Photo: Johannes Jansson
NDF was featured in various discussions at the Nordic Council´s (NC) 67th session, held in Reykjavik from 27 to 29 October 2015.

The Council’s committee on environment and natural resources had invited NDF to give a presentation and update on NDF activities in its meeting during the Council general session.

Different varieties of cocoa at INGEMANN
The PROADAPT facility supports Danish-Nicaraguan company INGEMANN building climate resilience in cocoa and honey production in Nicaragua

Central America experiences weather changes that affect major agricultural crops. In addition, the Coffee rust, or roya as it is known in Spanish, has been devastating coffee farmers throughout Central America for the past few years.

Water evacuation and retention pond excavations. Kampong Thom, Cambodia. Photo: NDF
Rural Roads Improvement Project (RRIP) in Cambodia is nearing completion

The Rural Roads Improvement Project (RRIP) in Cambodia, financed by the Asian Development Bank, the Nordic Development Fund (NDF), the Korean Export-Import Bank and the Government of Cambodia, is nearing completion.

Ms. Isabella Lövin surrounded by the group from "Women Leaders facing Climate Change" project. Photo: Jorge Velazquez
The Minister met with community leaders to hear about adaptation strategies

On 12 October, the Swedish Minister for Cooperation and International Development Isabella Lövin visited Cebollullo town outside of La Paz in Bolivia. The town depends on water from the rapidly melting glacier on the nearby Illimani mountain.

MIF and NDF co-hosted a seminar on green business opportunities for the microfinance sector at FOROMIC

FOROMIC, the annual microfinance conference arranged by the Multilateral Investment Fund (MIF), gathered more than 1200 participants last week in Santiago de Chile.

Tegucigalapa.  Photo:IDB
Of 16 Game-Changing Climate Action Initiatives, four go to NDF-backed activities

On 27 October, UNFCCC announced the winners of this year Momentum for Change Lighthouse Activity 2015.

"Development of Renewable Energy in Bay Islands (ERIBA)" launched at official event on the main island of Roatán

Roatán, Honduras 21 October 2015. Today marks the launch of the "Development of Renewable Energy in Bay Islands (ERIBA)" project at an official event on the main island of Roatán. The event is led by Mr.

Photo: Jürgen Wiesmann, Greenstream
The key findings and recommendations were reviewed during the Nordic mission to Vietnam in October 2015.

The key findings and recommendations from the Design Stage of the Nordic Partnership Initiative Pilot Programme for Supporting Up-Scaled Climate Change Mitigation Action in Vietnam’s Cement Sector, also called the Cement NAMA (Natio

Participant in the EcoMicro Program. Photo: Integral Sociedad de Ahorro y Crédito, El Salvador
NDF approved a EUR 4.1 million grant for the project EcoMicro 2.0

Since 2012, NDF and the Multilateral Investment Fund (MIF) have co-financed the EcoMicro technical cooperation program which trains microfinance institutions (MFIs) to provide new green finance instruments in order to capitalise on new opportunit

Rooftop solar system. Photo: IDB
Recycling company in Honduras secures credit for investments in renewable energy through IDB and NDF Climate and Clean Energy Facility

NDF’s co-finance partner, Inter-American Development Bank (IDB) has approved a credit of USD 5.5 million to support the largest scrap materials recycling company, Inversiones Materiales, S.R.L. (Invema), in Honduras.

Nordic mayors present city solutions in dialogue with Latin American mayors

Nordic mayors present Nordic experiences with climate change adaptation and mitigation in their cities at the Latin America and Caribbean Mayors Forum 2015 taking place in Washington DC at the Inter-American Development Bank (IDB).

Icelandic and Japanese experts lead intensive geothermal project development training course under the Geothermal Training Program

“This course is very useful for my work as geothermal geologist and I have learned many new things” says Ana Garcia Diego Martinez, a geologist from the Mexican Federal Energy Commission.

To help communities through periods of drought the Nordic Development Fund finances large-scale water harvesting plants in Nicaragua

“This time is normally the rainy season” tells Armando Coronado, community leader of El Tule, “but so far we have not seen much rain this year.” El Tule is located in the mountains outside of San Isidro in Central Nicaragua.

The two agreements were signed in connection with NDF’s visit to Manila this week

ADB and NDF signed the co-financing agreement for the Sustainable and Resilient Urban Development in Vietnam (Innovative and Climate Resilient Housing in the Mekong Delta) on 10 September in Manila.

The newly appointed Diwakar Gupta, Vice-President for Private Sector Operations and Cofinancing Operations at the Asian Development Bank (ADB), met with NDF in Manila

The purpose of the meeting was to discuss collaboration opportunities between NDF and ADB. NDF has an extensive project portfolio with ADB and is interested in seeking new ways of engaging with them.

Representatives from Water Services Trust Fund in Kenya, Kenyan Embassy of Finland, Ministry for Foreign Affairs of Finland, Finnfund and NDF
A delegation from Water Services Trust Fund in Kenya met representatives of NDF

On Tuesday 1 September 2015, a delegation from Water Services Trust Fund in Kenya visited NDF. The delegation was composed of Hon.

Geothermal stakeholders in the African Rift Valley gathered 12-13 August in Nairobi, Kenya, to discuss the possibility of establishing an Africa Geothermal Centre of Excellence in Kenya.

The energy need in Africa is huge and the demand is constantly increasing. Many countries in the East Africa Rift Valley are hoping that geothermal energy can be a part of their energy solution.

Cooking demonstration in Prey province, Cambodia. Photo: SNV
Read about lessons learnt from the project “Gender and Climate Change”

NDF is funding a technical assistance project in Lao PDR, Cambodia and Vietnam, which is administrated by the Asian Development Bank (ADB).

Solar panel in Diourbel region, Senegal. Photo: NDF
NDF has approved a EUR 0.5 million grant financing to support an assessment of the market for climate resilience in two key sectors in three large developing countries

“The Market for Climate Resilience in Latin America, Africa and Asia” builds on the PROADAPT concept piloted by NDF and the Multilateral Investment Fund (MIF) of the IDB Group.

Twenty-five Latin American students participate in this year’s Geothermal Diploma Course in El Salvador. The training course is financed by NDF and the Inter-American Development Bank.

This year’s Geothermal Diploma Course, already the fifth in a row, has been launched in El Salvador.