The Nordic Development Fund (NDF) has released its 2024 Results Report, showing how the organization helped mobilize EUR 1.3 billion in climate finance during the hottest year on record. The fund supported over 66,000 jobs and brought clean energy access to nearly 32 million people, with half being women. This comes as vulnerable regions worldwide face growing pressure from climate change impacts.
The report shows NDF’s work where climate action meets development needs. The organization partners with public and private groups to build climate-resilient societies, aiming to reach the people who need support most. Last year broke temperature records, making urgent global cooperation more important than ever.
Managing Director Satu Santala completed her first year leading NDF in 2024 and announced that the board approved seven new projects worth EUR 70 million total. The fund continues backing both climate adaptation and mitigation projects through partnerships across multiple sectors.
“We have remained committed to co-financing impactful climate adaptation and mitigation projects across both the public and private sectors,” Santala said.
The report puts special attention on gender equality, noting that climate change affects women and girls more severely. NDF requires every project it finances to address the unique challenges women face from climate impacts. This year’s focus on gender reflects Nordic values that climate action must include everyone fairly.
NDF says it will keep serving as the main channel for Nordic countries working together on climate issues globally. With climate finance needs growing more urgent by the day, the fund aims to improve both the amount and quality of support for people and the planet.
