Sweden has so far not provided funds to REDD forest carbon initiatives. But with SEK 1.3 billion in the Swedish climate aid package still unallocated, part of this will likely go to REDD projects in the near future.

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Labour takes back Finance Ministry, attacks tax havens commission

The Norwegian Ministry of Finance slams a recent influential report on the role of tax havens, accusing it of expanding its work beyond its mandate. Parts of the report are based on “misunderstandings and lack of knowledge”.

The aid-financed risk capital fund Swedfund has the biggest pipeline ever, but has had to cut back on investments next year due to lack of funds. The government injected a record-high SEK 600 million in new capital into the fund this year, but almost the entire amount has been committed to new projects.

Norway announces a commitment of NOK 35 million in aid to a newly-established World Bank fund on carbon capture and storage. CCS and REDD are keys in the Norwegian climate strategy.

Ten worst tax havens

As part of its new tax haven policy, Norway has placed a ban on the use of tax havens by the Norwegian aid-financed risk capital fund Norfund.

Wins sustainability prize for SMEs

The Swedish aid-financed risk capital fund Swedfund has been awarded a prize for best sustainability report for 2008.

Stoltenberg promises NOK 3 billion for forests

Sweden ponders moving into REDD forest carbon financing

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