(Reuters, Brussels, 30 March 2015) Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade, according to OECD data seen by Reuters. The Organisation for Economic Cooperation and Development (OECD) figures on export...
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2015/02/28
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Reuters, Brussels, 9 February 2015) Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels... The...
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2015/01/30
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining
(European Parliament, Brussels, 30 January 2015) Twelve members of the European Parliament from 5 of the 7 political groupings in the Parliament have written EU Commissioner for Trade Cecilia Malmström to express their "deep concerns about a non-paper for an EU position for the OECD...
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2015/01/29
Issue: Climate Change, European Union, Oil, Gas and Mining
(Reuters, Brussels, 15 January 2015) European makers of equipment for coal-fired power plants should receive financial help to export it, an EU discussion paper seen by Reuters says, in a clash with the bloc's declared aim to lead the global fight against climate change. Coal is the most...
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2015/01/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(CleanTechnica, 12 January 2015) The UK government has, over the years 2010–2014, provided support totaling £1.76 billion (via Export Credit Guarantees) to fossil fuel industries abroad, according to a recent analysis from the EnergyDesk... Prime Minister David Cameron has repeatedly (in recent...
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2014/11/28
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Paris 27 November 2014) France will eliminate export credits for energy projects in developing countries which involve coal, the most polluting fossil fuel, President Francois Hollande said on Thursday. The European Union is phasing out subsidies for domestic coal plants by 2018 in...
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2014/11/27
Issue: Climate Change, Oil, Gas and Mining
(ECA Watch, Brussels, 18 November 2014) In the week of Nov. 18-21 a secretive body within the OECD discussed the potential revision of the “gentlemen’s agreement” under which they provide billions of...
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2014/11/27
Issue: Climate Change, Oil, Gas and Mining
(BankTrack, Nijmegen, 29 October 2014) Ninety-two leading banks last year provided at least EUR 66 billion in financing to the coal industry, according to new coal financing data released today in BankTrack's ‘Banking on coal 2014' report. [1] The global campaigning network believes this...
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2014/11/27
Country: Japan, USA
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Freight News, Piraeus Greece, 24 October 2014) The United States has challenged the Japanese government over moves to ramp up exports of coal-fired power technology and to offer cheap loans to lure buyers, according to a U.S. source with direct knowledge of the matter... Japan’s shipments of...
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Letters & statements
2014/11/19
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
18 November 2014
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.
This...
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2014/10/24
Issue: Climate Change, Oil, Gas and Mining
(ECA Watch, Brussels, 29 October 2014) ECA Watch has written OECD ECA's, Finance Ministers and OECD Secretary General Angel Gurría regarding upcoming discussions around coal financing through export credit agencies. We understand that they may be considering proposals to perpetuate coal...
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Letters & statements
2014/10/14
Issue: Climate Change, Common Approaches, European Union, OECD, Oil, Gas and Mining
ECA Watch in cooperation with the WWF European Policy Office and other European and global NGOs, has written a letter to Finance Ministries and Export Credit Agencies to move those public institutions away from coal financing and subsidies in the...
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2014/09/23
Country: Japan
ECAs: Japan Bank for International Cooperation
Issue: BRIC countries, Climate Change
(Hindu Business Line, Mumbai, 1 September 2014) The State Bank of India (SBI) and Japan Bank for International Cooperation (JBIC) signed a dual-currency loan agreement of $152 million. “The loan is co-financed with the Bank of Tokyo-Mitsubishi UFJ Ltd amounting to ¥13.5 billion ($131 million)...
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2014/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(Climate Progress, Washington, 7 July 2014) Last December the Export-Import Bank announced it would stop financing coal-fired power plants abroad, with a few exceptions in the poorest countries in the world. Now, as political pressure in the US Congress puts the bank’s future in to question,...
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2014/07/29
Country: France
ECAs: COFACE
Issue: Climate Change
(Le Figaro, Paris, 6 July 2014) The French Minister of Foreign Affairs and International Development has called for an end to public subsidies for fossil fuels. After warning that our addiction to fossil fuels will destroy more wealth than it creates, he called on public and private investors...
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