OECD Agreement on export credits and coal plants: WWF raises key implimentation issues

(WWF, Brussels, 8 March 2016) A WWF short brief to the OECD's Export Credit Working Group (ECG) highlights scientific research showing that new coal plants are not compatible with 1.5/2°C climate change scenarios, and what this should mean in terms of implementation of the OECD sector understanding on export credits for coal-fired electricity generation adopted on 17 November 2015. A full briefing with detailed NGO views/recommendations will be presented at the next OECD ECG meeting planned for the 6th to 10th of June 2016. In order to contribute to the fight against climate change, the OECD Export Credit Group on the 17th of November 2015 adopted a ‘Sector Understanding on export credits for coal-fired electricity generation projects’. This Sector Understanding has been added as Annex VI to the Arrangement on Officially Supported Export Credits.

Briefings & reports from ECA watch members