As major international financial instruments, Export Credit Agencies influence a broad range of issues of worldwide concern, including climate change and human rights
At the same time, ECAs operate in a context of poor transparency and endemic corruption, making their activities difficult to monitor and their influence hard to assess.
Explore some of the key issues, concerns and instruments that ECA-Watch is working to address using the links below.
Activists demand end of massive OECD support for fossil fuels
This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing into the fossil fuel sector through their member export credit agencies.
In theory, ECA financing can have both a positive and negative impact on the global climate, but in reality ECAs have overwhelmingly financed projects which do more harm than good.
The problem with climate change
GENEVA - December 3, 2014.
International civil society network ECA Watch released a new report today titled Export Credit and Human Rights: Failure to Protect at the UN Forum on Business and Human Rights. The report calls on states to fulfill their duty to protect human rights through the operations of their export credit agencies.
ECAs are by far the biggest source of public finance for coal overseas and play a major role in supporting coal globally. According to leaked OECD data, OECD export finance for coal has risen sharply in recent years; for 2005-2012 OECD export credits financed nearly one-quarter of new coal power capacity outside of China, providing about US$11.5 billion. Five countries represent around 90% of the volume: Japan, Korea, US, Germany, France.