The Nordic Climate Facility (NCF) is a challenge fund set up and administered by the Nordic Development Fund (NDF) to finance innovative climate change projects. The overall objective of the evaluation was to provide NDF with an independent assessment of NCF as a facility.The first aim was to assess the performance of NCF in accordance with the objectives and outputs stated in the most recent NDF Board approval document of NCF 7-9, including assessment of the effectiveness and efficiency of the management of NCF. The second aim was to assess NCF’s relevance and value addition as a challenge fund to NDF, and provide concrete recommendations for potential future directions and development of NCF, including i) assessing the alternative of setting-up up NCF as a trust fund; ii) assessing the use of other types of financing than grants.
In parallel to the NCF evaluation, an evaluation of the Nordic Development Fund (NDF) was undertaken. With its specific set up and operations, the NCF faces particular challenges and potentials and, in conjunction with the NDF, it was therefore decided to evaluate the facility separately, however by the same evaluation team (Particip GmbH).
The results of the two assignments were presented in the same evaluation report. The final report is available online: https://eba.se/en/rapporter/joint-nordic-organisational-assessment-of-the-nordic-development-fund-ndf/11350/