NDF - Financing for climate change and development projects

Newsroom: News

Supporting the Nordic agenda to Build Back Better and Green (BBBG)
As the pandemic is changing the world in unprecedented ways, NDF is focusing on activities in supporting resilience to climate change and to Build Back Better and Green (BBBG).
Photo: Aage Jorgensen

NDF, African Development Bank (AfDB), UNDP and Rwanda Green Fund (FONERWA) will share the costs of the design, capacity-building, and capitalisation of Rwanda Catalytic Green Investment Bank (RCGIB)


The new strategy will focus on strong Nordic leadership in addressing climate change and development challenges

Photo: Proadapt Gran Chaco

The following two projects, funded by IDB together with NDF, show how early warning systems are helping small farmers in Latin America prepare and adapt to volatile and extreme weather patterns related to climate change, with far-reaching results

1. Proadapt Gran Chaco (Argentina, Paraguay, Bolivia)

Photo: WWF Pakistan

The project funded by the Nordic Climate Facility (NCF) achieved positive impacts in energy security and enhancing climate resilience in Karachi, Pakistan

The NCF-project Introducing renewable energy solutions to enhance energy security and build climate resilience in Karachi, Sindh, Pakistan, completed last year, aimed at enhancing energy security and climate resilience by providing


Year 2019 shows NDF is an impactful player and a tool for Nordic financing in climate change and development 

In 2019, NDF continued to build its portfolio of high-impactful projects to fight climate change.

Photo: UNEP

Significant results in a recently completed geothermal project has lifted up possibilities in expanding the collaboration to cover also land restoration and sustainable management of land

The Icelandic Ministry for Foreign Affairs and NDF have collaborated with the United Nations Environment Program (UNEP) in the area of geothermal energy in a program that has recently been completed.

Photo: RARE Conservation

Final evaluation and lessons learned find positive impacts of investments in climate-resilient development in two recent projects in Mozambique and Nicaragua

Resilience and adaptive capacity of coastal community livelihoods enhanced in Mozambique


Since the outbreak of the coronavirus Covid-19, the Nordic Development Fund has taken a number of actions in order to protect the staff and to ensure business continuity

The safety and wellbeing of our staff are of prime importance. Consequently most of NDF’s staff, including staff members who have returned from travel abroad, are working remotely. All business travel has been suspended.

Photo: Jesper Andersen

NDF and the Inter-American Development Bank (IDB) will finance support for the preparation and implementation of the New Linear Park between La Paz and El Alto in Bolivia

NDF has approved a booster grant of EUR 500,000 that will contribute to the preparatory studies and technical assistance as part of the preparations of a new major IDB-supported investment program “Parque Lineal entre La Paz y El Alto - Tha

Photo: Asian Development Bank

NDF together with The Asian Development Bank (ADB) as Fund Manager, is formally announcing the launch of ADB Ventures (ADBV), a new venture capital and technical assistance facility to boost start-ups in Asia Pacific with impact technology solutions that address climate change and contribute to Sustainable Development Goals (SDGs)

Framing the challenges and opportunities

Photo: Emeli Möller

As climate change is making flooding worse in Vietnam, Cold Flood Barrier provides a solution

Due to its location, Vietnam will be dramatically affected by climate change.

Photo: Forests of the World

Forests of the World, in partnership with Ceiba Tourism Chamber of Commerse, and sponsored by NDF and IDB, is working with indigenous communities in Pico Bonito, Honduras to conserve forest ecosystems through a combined focus on land rights, forest monitoring, conservation and nature-based climate change resilience management, as well as bird tourism

“You could call it a series of pilot actions that all tie together around this one beautiful diversity-rich area of forest,” says Jakob Kronik, Director of International Cooperation, Forests of the World.

Photo: Miguel Oliveira

The new EEP Africa Call for Proposals is now open. The theme of this call is Clean Energy Powering Green Growth with particular focus on clean energy for productive use and clean energy in circular economy solutions

EEP Africa invites competitive applications from registered, impact-driven companies, start-ups, and social enterprises.

Photo: rAREH

NDF’s Board of Directors has approved additional equity financing of EUR 10 million for responsAbility Renewable Energy Holding

The private equity fund responsAbility Renewable Energy Holding Company (rAREH) is set to receive a further EUR 10 million in shareholder equity from NDF.

Photo: NDF

NDF and the World Bank (WB) will share the costs of preparing a full Green Climate Fund (GCF) funding proposal package for Maputo, the capital of Mozambique

The Nordic Development Fund (NDF) has approved a grant of EUR 500,000 that will contribute to the costs of preparing a full GCF funding proposal on the Maputo Urban Transformation Project(MUTP) in Mozambique.

Photo: Marjo Koivumäki

And there are investment opportunities right now and ready for scale

“Climate change is not a new risk. It isn’t aliens landing on the earth kind of risk,” said guest panellist Jay L.

Photo: Marjo Koivumäki

SMEs the new engine for green growth and development

Speaking as a guest panellist at NDF’s recent anniversary event, Felix Bikpo, Group CEO of the African Guarantee Fund for Small and Medium-sized Enterprises (AGF) said: “Businesses in Africa are just starting to under

Photo: EEP Africa

With the additional year end contribution from Finland, EEP Africa increases funds under management to EUR 42 million

With an additional EUR 1,9 million commitment to EEP Africa, announced during the EEP Africa end-of-year Supervisory Board meeting in Arusha, Tanzania, Finland incr