Governors approve NIB 2022 annual results and dividend
On 31 March, the annual meeting of the Board of Governors of the Nordic Investment Bank (NIB) approved the Bank’s annual accounts for 2022 and a payment of EUR 25 million as dividends to the Nordic and Baltic member countries. In 2022, NIB disbursed EUR 3.7 billion in lending, up from 2.4 billion in the previous year. The significant increase in demand was driven by a lower supply of long-term credit in the commercial bank and bond markets, the accelerated green transition and NIB’s wider sustainable finance offering. The net profit for 2022 amounted to EUR 139 million, compared to EUR
The City of Helsinki-owned energy company Helen will cease operations at its Hanasaari power plant in Helsinki, Finland, on 1 April 2023.[Hanasaar power plant in Helsinki Finland Credits Helen]
Helsinki has pledged to become carbon neutral by the year 2030. At the moment, the city’s most noteworthy source of direct emissions is district heating. Shutting down the coal-fired power plant in Hanasaari will result in a significant emissions reduction. According to estimates, Helsinki’s total emissions will decrease by up to 20 per cent, and Helen’s emissions will fall by 40 per cent. The
