{"id":6547,"date":"2023-04-18T12:08:51","date_gmt":"2023-04-18T10:08:51","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2022\/?page_id=6547"},"modified":"2023-05-31T11:12:39","modified_gmt":"2023-05-31T09:12:39","slug":"emissions-avoided-climate-mandate","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/","title":{"rendered":"Emissions avoided"},"content":{"rendered":"\n

Norfund plays a vital role in unlocking investments in renewable energy that would not otherwise be realized, thereby avoiding emissions and mitigating climate change. Investing in renewable energy in developing countries is crucial for building sustainable and resilient energy systems while reducing emissions.<\/p>\n\n\n\n

<\/h3>
6.2<\/span> million tonnes CO2e<\/span><\/div>

estimated ex-ante CO2e emissions avoided from projects financed in 2022<\/p><\/div>\n\n\n\n

\n

Investing in the transition to net zero
<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n

Results 2022<\/h2>\n\n\n\n

Expected avoided emissions (ex-ante)<\/strong><\/h3>\n\n\n\n

Norfund’s investments in renewable energy are contributing to the replacement of electricity that would otherwise have been produced from fossil fuels, thereby preventing the emission of greenhouse gases. In 2022, Norfund financed 5 investment projects that, when operational, are estimated to avoid 6.2 million tonnes of CO2e emissions annually.<\/p>\n\n\n\n

Additionally, Norfund financed a transmission line in India that will enable 2.5 GW of wind power to feed onto the grid, resulting in an estimated 7.2 million CO2e avoided annually.<\/p>\n\n\n\n

Avoided emissions in 2022 (ex-post)<\/strong><\/h3>\n\n\n\n

As of 31.12.2022, too few investments under the Climate mandate were operational to be included in the reporting.<\/p>\n\n\n\n

Methodology for calculating avoided emissions:<\/strong><\/h3>\n\n\n\n

Norfund uses the harmonized IFI approach \u2018Methodological Approach for the Common Default Grid Emission Factor Dataset\u2019 (2022)<\/a> to estimate avoided emissions from our energy investments. For ex-ante estimated avoided emissions, we use the \u201cCombined margin[1]<\/a>\u201d, while for estimating avoided emissions ex-post, we use the emission factor for the reporting year, in line with PCAF reporting<\/a> standard.<\/p>\n\n\n\n

\n\n\n\n

[1]<\/a> Combined margin: combines \u201cOperating Margin\u201d – existing power plants whose operation will be most affected by the project, and \u201cBuild Margin\u201d – average emission intensities for new electricity generation projected over the next 8 years according to the most recent World Energy Outlook (IEA).<\/p>\n","protected":false},"excerpt":{"rendered":"

Norfund plays a vital role in unlocking investments in renewable energy that would not otherwise be realized, thereby avoiding emissions and mitigating climate change. Investing in renewable energy in developing countries is crucial for building sustainable and resilient energy systems while reducing emissions. Results 2022 Expected avoided emissions (ex-ante) Norfund’s investments in renewable energy are […]<\/p>\n","protected":false},"author":23,"featured_media":7455,"parent":6541,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"hero","norfund_header_layout_image_id":7455,"norfund_header_layout_image_focal_point_x":0.5,"norfund_header_layout_image_focal_point_y":0.5,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"Climate Mandate","norfund_header_layout_title":"Emissions avoided","teft_cards_image_id":7455,"teft_cards_image_focal_point_x":0.5,"teft_cards_image_focal_point_y":0.5,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"\nEmissions avoided | Annual Report 2022<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emissions avoided | Annual Report 2022\" \/>\n<meta property=\"og:description\" content=\"Norfund plays a vital role in unlocking investments in renewable energy that would not otherwise be realized, thereby avoiding emissions and mitigating climate change. Investing in renewable energy in developing countries is crucial for building sustainable and resilient energy systems while reducing emissions. Results 2022 Expected avoided emissions (ex-ante) Norfund’s investments in renewable energy are […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/\" \/>\n<meta property=\"og:site_name\" content=\"Annual Report 2022\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-31T09:12:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/\",\"url\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/\",\"name\":\"Emissions avoided | Annual Report 2022\",\"isPartOf\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg\",\"datePublished\":\"2023-04-18T10:08:51+00:00\",\"dateModified\":\"2023-05-31T09:12:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage\",\"url\":\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg\",\"contentUrl\":\"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg\",\"width\":2000,\"height\":1333},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/reports.norfund.no\/annualreport-2022\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Climate Mandate\",\"item\":\"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Impact – Climate Mandate\",\"item\":\"https:\/\/reports.norfund.no\/annualreport-2022\/?page_id=6541\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Emissions avoided\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#website\",\"url\":\"https:\/\/reports.norfund.no\/annualreport-2022\/\",\"name\":\"Annual Report 2022\",\"description\":\"Et Norfund-nettsted\",\"publisher\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/reports.norfund.no\/annualreport-2022\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#organization\",\"name\":\"Norfund Annual Report 2020\",\"url\":\"https:\/\/reports.norfund.no\/annualreport-2022\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#\/schema\/logo\/image\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Norfund Annual Report 2020\"},\"image\":{\"@id\":\"https:\/\/reports.norfund.no\/annualreport-2022\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Emissions avoided | Annual Report 2022","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/","og_locale":"en_US","og_type":"article","og_title":"Emissions avoided | Annual Report 2022","og_description":"Norfund plays a vital role in unlocking investments in renewable energy that would not otherwise be realized, thereby avoiding emissions and mitigating climate change. Investing in renewable energy in developing countries is crucial for building sustainable and resilient energy systems while reducing emissions. Results 2022 Expected avoided emissions (ex-ante) Norfund’s investments in renewable energy are […]","og_url":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/","og_site_name":"Annual Report 2022","article_modified_time":"2023-05-31T09:12:39+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/","url":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/","name":"Emissions avoided | Annual Report 2022","isPartOf":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#website"},"primaryImageOfPage":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage"},"image":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage"},"thumbnailUrl":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg","datePublished":"2023-04-18T10:08:51+00:00","dateModified":"2023-05-31T09:12:39+00:00","breadcrumb":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#primaryimage","url":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg","contentUrl":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-content\/uploads\/sites\/5\/2023\/05\/52809639073_61ca3c97e3_k.jpg","width":2000,"height":1333},{"@type":"BreadcrumbList","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/impact-climate-mandate__trashed\/emissions-avoided-climate-mandate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/reports.norfund.no\/annualreport-2022\/"},{"@type":"ListItem","position":2,"name":"Climate Mandate","item":"https:\/\/reports.norfund.no\/annualreport-2022\/climate-mandate\/"},{"@type":"ListItem","position":3,"name":"Impact – Climate Mandate","item":"https:\/\/reports.norfund.no\/annualreport-2022\/?page_id=6541"},{"@type":"ListItem","position":4,"name":"Emissions avoided"}]},{"@type":"WebSite","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#website","url":"https:\/\/reports.norfund.no\/annualreport-2022\/","name":"Annual Report 2022","description":"Et Norfund-nettsted","publisher":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/reports.norfund.no\/annualreport-2022\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#organization","name":"Norfund Annual Report 2020","url":"https:\/\/reports.norfund.no\/annualreport-2022\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Norfund Annual Report 2020"},"image":{"@id":"https:\/\/reports.norfund.no\/annualreport-2022\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/pages\/6547"}],"collection":[{"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/comments?post=6547"}],"version-history":[{"count":0,"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/pages\/6547\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/pages\/6541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/media\/7455"}],"wp:attachment":[{"href":"https:\/\/reports.norfund.no\/annualreport-2022\/wp-json\/wp\/v2\/media?parent=6547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}