Arctic pollution prevention and mitigation fund becomes operational 13 March 2014 The Arctic Council Project Support Instrument (PSI), a funding mechanism managed by the Nordic Environmental Finance Corporation (NEFCO), became operational on March 12, 2014. Almost 16 million Euro have been pledged or contributed to the fund to date, which will be used to support various action-oriented Arctic Council projects focusing on pollution prevention in the Arctic. For more information, please read the full article on NEFCO's homepage. Photo: euno from Flickr.com CC BY. Photo caption: Murmansk in Russia is the largest city above the Arctic circle.