(Reuters, London, 16 June 2020) Britain’s National Grid has secured a $734 million loan to help finance the development of the 2 billion euro ($2.26 billion) power link it is building between Britain and Denmark. The multi-export credit agency covered green loan is made up of $488 million from...
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(ECA Watch, Washington, 26 June 2020) COVID-19 is a still-unfolding health crisis affecting every economy, putting the health and livelihoods of billions at risk. Almost every government has developed response packages that attempt to use all the tools at their disposal to keep their economies...
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(Oil Change International, Washington, 22 April 2020) This briefing outlines why continuing to rely on fossil fuels, in particular oil and gas, is not compatible with long-term recovery. Governments now face a choice: fund a just transition away from fossil fuels that protects workers,...
more(ReNews, Winchester, 10 March 2020) The European Commission has presented a new Industrial Strategy to help Europe achieve its goal of climate neutrality by 2050, while maintaining European industry's global competitiveness. These include comprehensive measures to modernise and decarbonise...
more(National Law Review, Western Springs IL, 26 March 2020) On 19 March 2020, the European Commission adopted a temporary framework for State aid to support the economy amidst the consequences of the Coronavirus (COVID-19) outbreak. The temporary framework provides for five types of aid, including...
more(TFX, London, 12 February 2020) EKN's director general Anna-Karin Jatko set the tone for the Swedish export credit agency’s seminar in Stockholm on 9 February noting Swedish industry’s impressive ability to transform itself. Two companies, Siemens Industrial Turbomachinery and state-owned...
more(World Economic Forum, Geneva, 3 January 2020) To continue financing fossil fuel expansion is today’s equivalent of betting the bank - and the global economy - on subprime mortgage-backed securities over a decade ago; it is fuelling a crisis that, even if it generates short-term profit, will...
more(Renewables Now, Fresno, 5 November 2019) The UK’s export credit agency, UK Export Finance (UKEF), will provide a TWD-9.2-billion (US$303m/EUR 272m) project finance guarantee to support the construction of the 376-MW Formosa II offshore wind project in Taiwanese waters. UK companies will be...
more(OECD, Paris, 13 September 2019) This OECD report estimates annual volumes of climate finance provided and mobilised by developed countries for developing countries in 2013-17. These estimates include bilateral and multilateral public finance, official-supported export credits and mobilised...
more(Down to Earth, New Delhi, 4 September 2019) A stubbornly high $1.5 trillion global trade finance gap is hampering efforts to achieve the United Nations-mandated sustainable development goals (SDG), especially those pertaining to women’s economic empowerment, job creation and inclusive growth,...
more(Global Capital, London, 5 September 2019) OeKB, Austria’s export credit agency, will go on roadshow next week to present its recently established sustainability bond framework to European investors. BNP Paribas, Danske Bank, HSBC and UniCredit won the mandate and will arrange a series of fixed...
more(US General Accounting Office, Washington, 23 May 2019) The Export-Import Bank (EXIM) of the United States provides financing to support U.S. jobs and companies selling U.S. goods and services abroad. EXIM requires companies applying for certain financing to self-certify that they do not have...
more(UK Parliament, London, January 2019) The Terms of Reference, membership, witness submissions, witness guidelines and the calendar of the UK Parliament's Environmental Audit Committee inquiry into UK Export Finance are now available online.
(Global Trade Review, London, 28 September 2018) Denmark’s EKF has signed an £800mn guarantee for Hornsea 1 in what it says is the largest wind financing that any public export credit agency has ever provided. Located off the coast of Yorkshire, UK, Hornsea 1 is currently being constructed by...
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