2 February 2011: The Carbon Finance and Funds Unit of the Nordic Environment Finance Corporation (NEFCO) has released its Operational Review for 2010, which highlights new financing mechanisms.

The Review features sections on: a review of operations; new climate finance facilities and initiatives; the NEFCO Carbon Fund (NeCF); a case study on wind energy developments in Oaxaca state, Mexico; the Baltic Sea Region Testing Ground Facility (TGF); an overview of the Carbon Finance and Funds (CFF) Clean Development Mechanism (CDM)/Joint Implementation (JI) portfolio; and a case study on climate-proofed water storage and conservation strategies in Ghana. The Review also highlights the 2010 launch by NEFCO of a new climate guarantee facility, ProClimate, which seeks to unite loan guarantees to carbon financing. The facility is implemented jointly with the Nordic Development Fund (NDF). [Publication: CFF Operational Review 2010]