Swedish ECAs establish scientific climate council to help align with Paris Agreements

(EKN/SEK, Stockholm, 26 August 2021) The Scientific Climate Council, a group of academic experts, will provide advisory support to EKN and SEK to assist aligning the Swedish export finance system with the Paris Agreement’s 1.5°C goal. The climate council is the first of its kind in the world and will focus on issues such as the role of natural gas for the energy transition in low- and middle-income countries. EKN’s and SEK’s climate transition efforts are at the forefront from a global perspective. Stringent requirements are set for projects that receive guarantees and credits and the Swedish export finance system was one of the first to cease export financing the extraction and transportation of coal.