(National Observer, Vancouver, 6 April 2022) Canada’s recently published emissions reduction plan provides a roadmap for how Ottawa plans to hit its 2030 climate targets, but critics say until the financial sector is aligned with climate goals, the government's plans are “derelict.”...
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(Global Trade Review, London, 11 April 2022) Momentum continues to build around environmental, social and governance efforts in trade and trade finance. Every week, we report on encouraging new developments, including a recent decision by the European Council that gives export credit agencies (...
more(Oil Change, Washington, 28 April 2022) Public finance institutions shape our future energy systems. They are uniquely positioned to catalyze a just, transformative, and rapid transition to clean energy and a livable future — if we can hold them accountable to their public-interest mandates....
more(Globe & Mail, Toronto, 28 March 2022) Canada’s export credit agency is looking to capitalize on the growing trend for sustainable investing, launching a set of new financial tools aimed at supporting socially oriented businesses and helping large greenhouse gas emitters reduce their carbon...
more(European Council, Brussels, 15 March 2022) The Council's conclusion underlines that officially supported export credits are key levers in order to achieve priority policy goals for the European Union and its Member States. Such goals include the building of a strong industrial Europe, while...
more(Berne Union, London, 17 March 2022) The group leverages the Berne Union network to connect innovation in export credit with global problem-solving around climate challenges and sustainable development. The ultimate objective of the Climate Working Group is to accelerate climate action in the...
more(ECA Watch, Ottawa, 29 March 2022) As governments struggle to find fossil fuel supplies to offset dependence on imports from Russia, and transnational oil firms...
more(TXF News, London, 2 February 2022) The volume of sustainable deals within the export finance sector is growing. But to take this forward positively across all industrial sectors requires a sensible debate with a clear pathway to ensure business is not lost. Widespread sustainability within...
more(Renewables Now, Fresno, 18 January 2022) Renewable energy producer EDP Renewables (ELI:EDPR) said today it has sealed a deal to obtain debt funding for a 149.4-MW portfolio of wind projects in Poland. The project financing was arranged by the European Investment Bank (EIB), Spain’s Banco...
more(Fossil Free ECAs, Amsterdam, 30 January 2022) We can’t solve the climate crisis if export credit agencies (ECAs) continue to bankroll fossil fuels. This campaign is designed to inform the public and tell the governments behind these agencies to immediately end all export credit and other...
more(Market Screener, Annecy, 2 December 2021) General Electric announced that the Dogger Bank Wind Farm, between 130km and 190km off the north-east coast of England in the North Sea, reached financial close on debt financing for phase C, the third 1.2 GW phase. Upon completion, Dogger Bank is...
more(Lexology, London, 18 November 2021) Discussion of hydrogen fuel has become increasingly prevalent over the past few years. The increased push to reach net zero targets,...
more(Guardian, London, 13 November 2021) A new alliance of financial institutions is committed to funding the changes necessary to avert climate catastrophe. Alliance Chair Mark Carney notes that six years ago, in Paris, countries reached an historic agreement to limit the global temperature rise...
more(Morningstar, Chicago, 9 November 2021) Capital critical to funding the greening of utilities and other industries makes the financial industry a key player in curbing global warming. At a global climate summit last week, big banks, institutional investors, insurance companies, and regulators...
moreINTERNATIONAL PRESS RELEASE
Governments worsen climate crisis with USD billions in export finance
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