NORDIC ENVIRONMENT FINANCE CORPORATION

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NORDIC ENVIRONMENT FINANCE CORPORATION Henrik
G Forsström Senior Adviser
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All Projects

• All in all ca. 250 projects
• 1990 to 2006
• Increasing focus on Ukraine and Russia
• Continuation in the Balticsto be evaluated in
  2007/08

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Water and Wastewater

• Ca. 50 projects
• Variations due to country
• policies
• Expected increases in Ukraine and Russia

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Revolving Facilities

• Cleaner Production
• Agriculture
• Energy efficiency

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Environment
Water
Air
GHG
ODS
POPs
Arctic
Heavy metals
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Resource Base
Totally ca. 250 million
PSI
INVESTMENT FUND 113,4 MEUR
NMF 370 MDKK
EXTERNAL 40 MEUR (23 MEUR avsl.)
TGF 35 MEUR
BHSF 3 MEUR

• Municipal investments
• Private investments of Nordic Companies
• Sector Studies

• First multilateral carboncredit fund outside WB
  Groupcomprising public and private investors

• Revolving structures
• Technical Assistance for municipal investments
• Environmentally harmful
• substances

LOANS
MEZZA- NINE
RISK CAPITAL
COND. GRANTS
GRANTS
EMISSION RIGHTS
SOFT LOANS
LOCAL FUNDS
PROJECT
PRIVATE PUBLIC
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Co-operation
Different partnersa) Nordic Countries b)
EU c) Nordic Companies d) Financial
institutions e) Local Authoritiesf) Local
Companies

• Continiuous dialogue
• Historically the externalinstitution that has
  assigned most funds in custody
• NDEP
• NEFCO "bridge financing"structural fundsl in the
  Baltics
• EPE

• NIB
• EBRD
• EIB
• Swedfund
• Finnfund
• IÖ
• Innovasjon Norge

Targetsa) Identify relevantenvironmental
projects. b) Attract capital forenvironmental
projects prior- itsed by the Nordic Countries
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Short Summary

• Environment
• Cost efficiency, around 15 of the Nordic costs
• Sustainability
• Funds maintained
• Catalytical
• Investment Fund amounts to 20 to 30 of total
  investments

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Investment Fund, Projects 2004
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• www.nefco.org