“The year 2016 showed that NIB is an efficient funding tool for the Nordic–Baltic region”, says Siv Jensen, Minister of Finance of Norway, who chaired the annual meeting of NIB’s Board of Governors in 2017.
For Niklas Zennström, a co-founder of Skype, the Baltic Sea is a new start-up and as with any other start-up, it requires bold, innovative solutions and complete immersion from the stakeholders.
Tougher environmental regulations and new technologies make Swedish municipalities keep investing in wastewater facilities. "A new investment wave will soon prompt a greater demand for innovation and financing", says Anders Finnson from Swedish Water and Wastewater Association.
The Nordics keep leading positions in mobilising climate finance, says Peer Stiansen of the Nordic group for climate negotiations. The group's report shows where the Nordics can make a difference in green financing.
Freight transport is of particular concern for the Nordic countries when it comes to the carbon reduction targets. The countries are to align rules to speed up “greening” the road freight.
"By 2030, we will need 50% more food, 45% more energy and 30% more water. An advanced bioeconomy will ensure sustainable economic growth in the decades to come", writes Hörður G. Kristinsson, chairman of the Nordic Bioeconomy Panel, in his column.
A tunnel across the Gulf of Finland? It may sound futuristic. Yet, the steadily increasing traffic between Helsinki and Tallinn can help shake off a great deal of scepticism.
Nordic energy markets accommodate for huge volumes of renewables and could be replicated elsewhere, says Svend Søyland, Senior Adviser at Nordic Energy Research.
“As long as the financing sector is not capable of transforming the climate risk into a financial risk, things will not happen”, says Mikko Halonen from Gaia Consulting at the COP22 in Marrakech, Morocco.
"The sustainability perspective for the long-term projects is a dimension in NIB's operations, which we regard as a seal of quality", said Minister of Finance Reizniece-Ozola at NIB's anniversary event.
A loan to Lidl Suomi Ky will finance the construction of a new warehouse in Järvenpää and investments in new Lidl stores in Finland.
16 Jun 2017
On 18 July, the EU High-Level Expert Group on Sustainable Finance will arrange a public hearing on the its interim report. Stakeholders are encouraged to provide feedback to the European Commission and the Group on ways to establish a more sustainable financial system.
14 Jun 2017
The flow of deals in the Bank’s lending continued to be at a high level, with a total of EUR 610 million in loans agreed and EUR 781 million in loans disbursed, in the first four months of the year.
13 Jun 2017