Renewable energies and export credit agencies

(ECA Watch, Paris, 27 December 2007) In last month's What's New, we noted a European Parliament resolution calling for an end to taxpayer support for fossil fuels projects, including via official export credit agencies (ECAs). Reports from the U.N. climate change conference in Bali note that poorer countries accused the rich of pressuring them to control emissions of greenhouse gases blamed for global warming, while refusing to provide them with technology needed to do so without hurting their economies. OECD export credit agencies recently postponed an evaluation of renewable energy incentives for lack of projects to evaluate.