Meet the Top Nordic Climate Finance Initiatives
The Nordic Climate Finance Initiatives (NCFI) represent a powerful coalition of financial mechanisms committed to addressing climate change through substantial investments and international cooperation. With billions of dollars allocated across various programs, these initiatives exemplify the Nordic region's unwavering dedication to sustainability and global climate leadership.
Nordic Development Fund Leads with USD 1.5 Billion
Since 1988, the Nordic Development Fund (NDF) has spearheaded climate adaptation and mitigation efforts, particularly in Sub-Saharan Africa. With USD 1.5 billion allocated, the NDF's projects are enhancing resilience against climate change, promoting sustainable development, and improving livelihoods for vulnerable communities.
Nordic Investment Bank Channels USD 841 Million into Sustainable Energy
The Nordic Investment Bank (NIB), established in 1976, has committed USD 841 million towards green energy initiatives. These projects support the Nordic-Baltic region's transition to sustainable energy sources, combining economic growth with climate responsibility.
Nysnø Climate Investments Fuels Cleantech Innovations
Since its inception in 2017, Nysnø Climate Investments has managed USD 491 million, focusing on Norwegian-linked companies advancing cleantech solutions. Their investments in renewable energy and cutting-edge technologies are key drivers in the global transition to a sustainable economy.
Norwegian Global Emission Reduction Initiative Partners with Developing Countries
Launched in 2023, the Norwegian Global Emission Reduction Initiative (NOGER) has allocated USD 740 million to support climate action under Article 6 of the Paris Agreement. These funds are critical for enabling sustainable practices and climate finance access in developing regions.
LEAF Coalition: Protecting Tropical Forests with USD 1.5 Billion
The LEAF Coalition, initiated in 2021, has mobilized over USD 1.5 billion to halt tropical deforestation and promote sustainable land use. By preserving vital ecosystems, LEAF plays a crucial role in the fight against climate change and biodiversity loss.
Norway's International Climate and Forest Initiative
With a USD 370 million allocation for 2024, Norway's International Climate and Forest Initiative (NICFI) is focusing on protecting critical ecosystems in the Amazon, Congo Basin, and Southeast Asia. These efforts not only combat climate change but also support sustainable development in these regions.
Driving Global Climate Cooperation
The Nordic Climate Finance Initiatives are central to accelerating progress toward global net zero. By leveraging mechanisms under Article 6 of the Paris Agreement for meeting NDC targets and supporting climate financing, these initiatives create a robust framework for international cooperation, facilitating high-integrity emissions reductions and helping the world achieve its climate targets.
Looking Ahead
As the world gathers in Oslo for #NCFS2025, the Nordic region reaffirms its commitment to leading by example in global climate finance. Leaders from climate finance, investment funds, and institutional capital organizations continue to collaborate, ensuring a sustainable and resilient future for all.
The Summit Team
