Finland participates in four carbon funds. During the CDM/JI test programme, Finland has paid €4.25 million into the NEFCO (Nordic Environmental Finance Corporation) Testing Ground Facility (TGF) fund and USD 10 million into the World Bank Prototype Carbon Fund (PCF). At the start of 2007, Finland invested €10 million into the European Bank for Reconstruction and Development (EBRD) Multilateral Carbon Credit Fund (MCCF). Half way through 2007, Finland invested USD 25 million into the Asia Pacific Carbon Fund (APCF) administered by the Asian Development Bank. The state has additionally signed a €4 million joint purchase contract with GreenStream Network’s FCF Fund.
Finland participates in two carbon funds during the 2013-2020 period. The country has invested €3 million in NEFCO’s Nefco Carbon Fund (NeCF) and USD 20 million in the Asian Development Bank’s Future Carbon Fund (FCF). Concentrating on the Kyoto purchases, the World Bank’s Prototype Carbon Fund (PCF) will provide investors within the fund a certain number of emission units in 2013-2020 without further investment.