Looking for a specific product?

Make a search for products & suppliers, articles & news.

NEFCO to purchase carbon credits for Norway

The Ministry of Finance has signed an agreement with the Nordic Environment Finance Corporation, NEFCO, to purchase carbon credits in the second commitment period of the Kyoto Protocol (2013-2020). Through this agreement Norway will purchase up to 30 million credits from stranded UN-approved projects facing a risk of discontinuation due to the low CER prices.

As outlined in the Revised National Budget, the Government emphasized that the credit procurement will support the development and legitimacy of the international market for carbon offsets. Due to the situation in the market, with a huge oversupply of credits and low prices, this implies that the program will only procure credits from existing projects facing a risk of discontinuation and from new projects. The program will rely on the UN-approval of carbon credits and on the guidelines for the program in the first Kyoto period.

NEFCO is an international financial institution owned by the five Nordic countries. NEFCO mainly finances environmental-related projects and investments, in order to generate positive environmental effects for the Nordic region. It's Carbon Finance and Funds department operates globally, and has assets under management including carbon finance facilities, climate guarantees and technical assistance products totaling EUR 230 million.

 

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...