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15 posts found.

Selected Category: Climate

Thoughts left by 2020, part 1: Global thinking becomes more relevant after the pandemic

Harold Gordillo

The year 2020 not only marked our lives forever, but it also made us think about our current living habits and how sustainable is our life on this planet. More than a year ago, back in February 2020, I was not aware that my last “in person” monitoring mission for 2020 was taking place at that precise moment.  I was leaving […]

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Finnfund first development financier to report carbon net-negative investment portfolio

Finnish development financier and impact investor Finnfund today released data showing that its total investment portfolio has a net negative carbon balance. The figures for 2019 indicate that Finnfund’s investments removed 134,679 tCO2e more than they emitted. In 2019, Finnfund’s investment portfolio was EUR 617 million. “I am extremely proud that we have been able to […]

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Finnfund increases funding to Starsight, a leading C&I solar player in West Africa

Starsight, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, is delighted to announce that Finnfund and Norfund have increased their senior debt facility from 10 million USD to 20 million USD. The new funding will enable Starsight to continue to deliver its market leading energy-as-a-service hybrid solar solutions to C&I customers […]

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Climate change adaptation = investment?

Anne Arvola

Climate change adaptation in private sector financing – but how do you define adaptation and make it an investment case? Despite all the available information and commitments made for climate change mitigation, the outcomes and trends do not look very promising. Our window to remain below 1.5oC, or even 2oC global temperature increases is becoming […]

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Fortum partners with Finnfund to speed up charging infrastructure development and growth in India

To bolster growth for electric vehicles (EV) charging infrastructure in India, Fortum signed an agreement whereby Finnfund, a Finnish development financier and professional impact investor, will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge and Drive India Private Limited (FCDIPL). FCDIPL is a fast-growing e-mobility infrastructure provider, owning more […]

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Sustainable cities need clean air – and investments to make it a reality

Kenneth Söderling

Sustainable development goal 11 aims to make cities inclusive, safe, resilient and sustainable. It is not a matter of small scale, as more than half the world’s population lives in cities. By 2030, it is projected that 6 out of 10 people will be urban dwellers. One of the main problems in cities, is the […]

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Woodland or forest?

Ilkka Norjamäki

Monoculture and plantation are terms that often are used when it comes to planting commercial forests. Indeed, planted forests are typically such of one or more species whose main purpose is to efficiently produce the raw material needed by the forest industry. Criticism towards planted forests is often related to issues of poor biodiversity, water […]

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SDG 13: the number one priority of Asia Biogas

Des Godson

Climate Action – Sustainable Development Goal 13 – is the number one priority of Asia Biogas, a partner of Finnfund in Southeast Asia.  For us, it is the most important goal because failure to take radical climate action will make it impossible to achieve or sustain progress on the other 16 Goals. In the tropical […]

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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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