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Nordic Statement on Innovative Climate Finance launched at COP21

14.12.2015  14:13
The governments of the five Nordic countries launched a statement at COP21, calling for stronger public-private partnerships in climate financing.

At an event at the Nordic COP21 pavilion on 8 December, the five Nordic countries – Denmark, Finland, Iceland, Norway and Sweden – launched a statement to support a stronger role of private capital in meeting the challenges of climate change.

The heads of a number of Nordic pension funds supported the statement that calls for clearer investment frameworks, better handling of risks and a more transparent development of “bankable” projects.

"We need private investment to halt global warming and the involvement of the private sector is crucial," says Minister for Foreign Affairs, Kristian Jensen.

Denmark, that also holds the presidency of the Nordic Council of Ministers, stands behind the initiative and plans to build on its already existing Climate Investment Fund:

(source: Denmark Digest, week 50)