NORDIC ENVIRONMENT FINANCE CORPORATION

Henrik G ForsströmSenior Adviser

All Projects

• All in all ca. 250 projects• 1990 to 2006• Increasing focus on

Ukraine and Russia• Continuation in the Baltics

to be evaluated in 2007/08

Water and Wastewater

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

Ukraine and Russia

-1000 ton P

1000 ton P

1000 ton P

Revolving Facilities

• Cleaner Production• Agriculture• Energy efficiency

Environment

Water

AirGHG

ODS

POPs

Heavy metalsArctic

Resource Base

PSI

INVESTMENT FUND 113,4 MEUR

NMF370 MDKK

EXTERNAL 40 MEUR

(+23 MEUR avsl.)

TGF35 MEUR

BHSF3 MEUR• Municipal investments

• Private investments of Nordic Companies

• Sector Studies

• Revolving structures• Technical Assistance for

municipal investments• Environmentally harmful

substances

Totally ca. €250 million

LOANS MEZZA-NINE

RISKCAPITAL

SOFTLOANS

COND.GRANTS GRANTS

PRIVATEPUBLIC

LOCALFUNDS

PROJECT

EMISSIONRIGHTS

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

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

Co-operation

Different partners:a) Nordic Countriesb) EUc) Nordic Companiesd) Financial institutionse) Local Authoritiesf) Local Companies

Targets:a) Identify relevantenvironmental projects. b) Attract capital forenvironmental projects prior-itsed by the Nordic Countries

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

Environment:Cost efficiency, around 15% of the Nordic costsSustainability:Funds maintainedCatalytical:Investment Fund amounts to 20 to 30% of total investments

Short Summary

Investment FundInvestment Fund, Projects 2004

Projektöversikt 2004

- Finansiell bärkraft +

-

M

iljör

atin

g

+

Vatten

Industri

Energi

Avfall

www.nefco.org