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7 posts found.

Selected Category: Climate

Finnfund invests new government loan fully in gender and climate projects

The Finnish government has granted Finnfund a loan of 210 million euros from the state budget for 2018 and 2019 (read foreign ministry press release). Finnfund will invest the full amount in climate action and women’s empowerment in developing countries. “With this government loan, we can invest over 100 million euros in companies that boost […]

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EDFI partners with the Climate Finance Leadership Initiative to drive climate finance in emerging markets

The Climate Finance Leadership Initiative (CFLI) and the Association of European Development Finance Institutions (EDFI) today announced a partnership that will advance the public-private collaboration vital to closing the climate finance gap in emerging markets. EDFI and the CFLI will engage their members with the aim of building project pipelines, managing risks, and broadening opportunities […]

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Access to electricity – at any cost?

Juho-Uusihakala

Sustainable Development Goal 7 aims to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. Some progress has been made but Sub-Saharan Africa remains a challenge. International Energy Agency recently published data showing that, for the first time in modern history, the global population without access to electricity is below 1 […]

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Seminar: Sustainable development and climate action from African forests

How are the forests in Africa doing? What are the most cost-effective climate actions and can deforestation be slowed down? Is there demand for sustainably produced wood? Why is it so difficult to get private funding? What could the EU do? Forests, food production and climate change are closely linked to one another, professor Markku […]

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Finnfund calculated climate effects of its investment portfolio

The development financier Finnfund, has commenced to calculate the climate impact of its entire investment portfolio annually. The calculations show that Finnfund’s investments in forestry sequester more than half a million carbon dioxide equivalent tonnes (tCO2eq) in the atmosphere. With its investments in clean energy, Finnfund avoids emissions in developing countries by 64,000 tCO2eq annually. […]

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Finnfund to finance a power plant to reduce the emissions from a steelworks in Bosnia Herzegovina

Finnish development financier Finnfund has committed 1,8 million euros to a power plant in the city of Zenica, in Bosnia Herzegovina. The power plant will utilize the coke and blast furnace gases from the Arcelor Mittal’s steelworks as fuel and significantly reduce the air emissions of the power production. The plant will replace an old […]

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Finnfund to invest with an IFC-led consortium to support the world’s largest solar park in Egypt

Finnfund, a Finnish development finance company, participates in financing the construction of 13 solar power plants in southern Egypt, near the city of Aswan. The plants will be part of the larger Benban Solar Park, which, once complete, will be the largest solar installation in the world. Finnfund’s investment amounts to a total of USD […]

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