(Zawaya, Dubai, 25 February 2025) Italy’s export credit agency, SACE, has committed $350 million in financial and insurance support to UAE companies AMEA Power and Metito Utilities. The funds will support renewable energy, water infrastructure, and sustainability projects in Africa. This...
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2025/03/03
Issue: Climate Change, Renewables, Transparency
(Argus Media, Berlin, 29 January 2025) Export credit agencies’ green financing largely favors wealthy countries, leaving developing nations behind in the global energy transition. Critics call for more inclusive support to help emerging economies adopt sustainable infrastructure.
2024/12/31
ECAs: Japan Bank for International Cooperation, Sinosure
Issue: BRIC countries, Climate Change, Debt, Renewables
(Africa Development Bank, Abidjan, 4 December 2024) The African Development Bank Group hosted a high-profile meeting of global insurers, export credit agencies and institutional investors to explore innovative risk-sharing solutions on the sidelines of the Africa Investment Forum Market Days...
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2024/12/31
Issue: Climate Change, European Union, G20, OECD, Oil, Gas and Mining, Renewables
(UN Environment Program, Baku, 4 December 2024) COP29 held in Baku, Azerbaijan, offered an important opportunity for governments and other global stakeholders to put in place the mechanisms, tools and signals required for countries to continue implementing their contributions to the Paris...
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2024/12/31
Issue: BRIC countries, Renewables
(Africa.com, Johannesburg, 1 December 2024) The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce its recognition as the “...
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2024/12/31
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Issue: Climate Change, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables
Member: Oil Change International
(Oil Change Int'l, Washington, 20 December 2024) OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels. Despite last-ditch attempts by senior government and ...
2024/11/30
Issue: BRIC countries, Climate Change, End Coal Financing, European Union, Oil, Gas and Mining, Renewables
(Global Trade Review, London, 27 November 2024) The two-week-long UN Climate Change Conference (Cop29) ended last week with a contentious pledge by wealthy countries to increase climate finance. While the commitment was criticised by developing nations as insufficient, objections from some of...
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2024/11/30
Country: Australia, Canada, Norway, United Kingdom, USA
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
Member: Friends of the Earth USA
(Friends of the Earth, Washington, 21 November 2024) Today at the conclusion of the OECD Export Credit Group negotiations, participating nations failed to reach an agreement on fossil fuel finance, despite scientists’ repeated calls for urgent climate action. While no formal conclusion has been...
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2024/11/30
ECAs: Export-Import Bank of the United States, Sinosure
Issue: BRIC countries, Climate Change, Renewables, Transparency
(BNN Bloomberg, Toronto, 19 November 2024) Colombia is hurrying to land a deal with the US that would unlock the first tranches of cash for a $40 billion climate investment plan before Donald Trump takes office. If that push fails, then China could be an option. Susana Muhamad, Colombia’s...
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2024/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Hacker News, Mountain View CA, 17 October 2024) As mounting climate concerns cause extreme weather events, & global efforts intensify to keep warming below 1.5°C, Oxfam calls on the Export-Import Bank of the United States (EXIM) to cease funding fossil fuel projects to instead champion...
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2024/10/31
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining, Renewables
Member: Bank Track, Friends of the Earth USA, Oil Change International
(Global Trade Review, London, 14 October 2024) Ahead of crunch talks within the OECD Arrangement, climate groups are pressuring the US, Korea and Japan to agree to a comprehensive proposal that would halt billions of dollars in fossil fuel financing each year. In recent days, over 40...
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2024/10/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Oil, Gas and Mining, Renewables
(Innovation News, London, 31 October 2024) UK Export Finance (UKEF), the government’s export credit agency, will offer financial support for overseas projects to source critical minerals. Securing contracts that increase the UK’s ability to source critical minerals will help the UK build...
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2024/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Arms Trade, Climate Change, Renewables, Transparency
(Lexology, London, 30 October 2024) The US Defence Department's Office of Strategic Capital (OFC) is one of the newest entrants in the US Federal arsenal of finance tools for growth companies, providing loans between $10M and $150M to develop critical technologies vital to national security,...
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2024/10/31
Country: United Kingdom, USA
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
Member: Friends of the Earth USA
(Friends of the Earth, Merrifield, 4 October 2024) Fossil fuel companies continue to be propped up by the government in the form of public financing like US EXIM. Often, these tax dollars are funding overseas fossil fuel projects wreaking havoc on our environment and local communities in places...
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2024/09/30
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables, Transparency
(Bloomberg, 17 September 2024) A group of developed nations will make a new push to resolve differences amid fading prospects for a deal to restrict funding of foreign oil and gas projects by their export credit agencies. Restricting export credit agencies is seen as a potentially important...
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