Carbon markets are mechanisms that enable governments and non-state actors to trade greenhouse gas emission credits through carbon pricing with the aim of achieving climate targets.
As an innovator in climate finance, Nefco was an early adopter of project-based carbon markets. On this page you will find information about our approach to carbon markets along with some general information about the topic and how carbon markets work.
Our approach to carbon markets
Since 2003, Nefco has established and managed several groundbreaking carbon funds that harness the power of carbon markets. These funds have empowered Nordic governments and companies to meet compliance needs. A total of EUR 280 million assets has been amassed, and over 31.6 million carbon credits generated.
Our carbon funds have achieved significant emission reductions across a wide span of projects, sectors and geographies. They have provided a pioneering testing ground for innovative, market-based approaches. The projects have enabled broader green growth benefits, including sustainable development and green technology transfer in several developing countries.
In addition, the carbon funds laid the foundations for facilitating important international partnerships. These have led the way in meeting the ambitious climate action goals of the Paris Agreement by piloting the next generation of carbon markets. The Nordic countries have played a pioneering role in supporting climate action and sustainable development in developing countries and promoting carbon pricing around the world. Now, the Nordics are playing a leading role in fostering a new generation of carbon market cooperation to support the Paris Agreement.
To discover more about our current initiative to support the development of global carbon market cooperation see our fact sheet Nordic approach for ambitious and inclusive carbon market cooperation.
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