Evaluation of the Baltic Sea Region Testing Ground Facility
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Evaluation of the Baltic Sea Region Testing Ground Facility

This report carries out an evaluation of the activities and functioning of the Baltic Sea Region Testing Ground Facility (TGF). The assignment consists of three tasks: the evaluation of the operations of the TGF, interviews with key stakeholders, and conclusions on the current functioning and results of the TGF and recommendations for further development. The operations and results of TGF were evaluated against TGF's internal policies as well as against external circumstances, the international regulatory framework and the carbon markets have experienced significant changes since the implementation of the TGF.

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English
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Author(s):
Nordic Council of Ministers

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The Baltic Sea Region Testing Ground Facility (TGF) has evolved into a well-functioning fund, which operates in a challenging market. Synergies between NEFCO and TGF are exploited extensively, and investors are generally satisfied with the TGF project portfolio. After a period of active capacity building, TGF must now turn its attention to finalizing the portfolio and implementing projects.