The NEFCO Norwegian Carbon Procurement Facility (NorCaP) launched its first Call for Proposals on 26th November. NEFCO is inviting Clean Development Mechanism (CDM) project participants to submit proposals for delivery of Certified Emission Reductions (CERs) from commissioned CDM projects that are vulnerable to the current low CER prices.
The Letter of Invitation, guidelines for submission and other relevant documents of the Call for Proposals can be found online at We would like to inform you that the deadline for NEFCO Norwegian Carbon Purchase Facility NorCaP Call for Proposals has been extended until 15 January 2014. Please also note that new contractual documentation has been added.
The Nordic Environment Finance Corporation (NEFCO) – assigned by the Government of Norway – has established a new global carbon procurement facility to selectively acquire Certified Emission Reductions (CERs) from Clean Development Mechanism (CDM) project activities or Programmes of Activities (PoAs) registered under the Kyoto Protocol of the United Nations Framework Convention on Climate change (UNFCCC). The NEFCO Norwegian Carbon Procurement Facility (NorCaP) is wholly funded by the Norwegian government. NorCaP will purchase CERs for the second commitment period of the Kyoto Protocol to be used by Norway to cover a part of its commitments under the Protocol. The principal objective of NorCaP is to prevent reversal of emission reduction activities in existing projects whose survival depend on a higher carbon price than achievable under current market conditions.
Through this Call for Proposals (CfP), NEFCO invites eligible proponents to submit proposals for delivery of CERs from vulnerable projects. The fund’s present target is to procure up to 30 million CERs in total. In addition to this CfP, NEFCO may launch subsequent calls or use other instruments to acquire CERs in the future until the total amount has been contracted. Purchase contracts will be for future deliveries of CERs based on emission reductions generated from 1st January 2014 to 31st December 2020.
Before making a submission, we kindly invite potential proponents to consult all the documents on this page. Interested proponents will need to register on-line and submit their proposals using the web-based system, which are now available on this site. Submissions may be sent until 15 January 2014 at 17:00 hours Eastern European Time (EET).
Questions proponents may have must be submitted by email to at the latest by 12 December 2013. NEFCO’s answers will still be published on an anonymous Questions and Answers list by 17 December at the aforementioned website.