New Report Calls on GEF to Prioritize Transport in GEF-6 to Support Sustainable Development and Climate Change Progress

New York, New York- From November 5-7, the Global Environmental Facility (GEF) meets at the World Bank to set its investment strategy for the coming years. A new report offers recommendations for how GEF can deliver better progress to address transportation, the fastest growing source of energy related climate change pollution. GEF is a small but vital source of funding for low-carbon pilot projects and capacity building in the transport sector for dozens of countries.

Nordic Development Fund (NDF)

The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. The objective of NDF’s operations is to facilitate climate change investments in low-income countries.  NDF finances in cooperation with bilateral and multilateral development institutions. The operations mirror the Nordic countries’ priorities in the areas of climate change and development. The operations are financed from the development cooperation budgets of the five Nordic countries.