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Export Credits and the Climate Transition

  • The global pathway to net zero emissions by 2050 requires governments to implement and strengthen climate policies as global emissions are reaching record level. Climate finance plays a crucial role in the net zero transition. It refers to local, national or transnational financing seeking to support mitigation and adaptation actions that address climate change. Public export-import banks (EXIMs)The global pathway to net zero emissions by 2050 requires governments to implement and strengthen climate policies as global emissions are reaching record level. Climate finance plays a crucial role in the net zero transition. It refers to local, national or transnational financing seeking to support mitigation and adaptation actions that address climate change. Public export-import banks (EXIMs) and government export credit agencies (ECAs) are highly influential actors for climate action. Although there is no consensus among EXIMs and ECAs on how to define climate finance, 20 institutions assessed in this report give evidence that they significantly support climate action related transactions: EXIM and ECA financing and insurance amounted to EUR 6.7-8.4 billion in 2020, much more than estimated by the Climate Policy Initiative (CPI). However, the results also show that EXIM and ECA lending and insurance activities must rise substantially in order to contribute to the climate finance volumes required by 2030 as estimated by CPI. To retain their current proportion relative to other climate finance flows, assessed institutions would need to increase their climate financing 6.8 times to between EUR 45.3 billion and EUR 57.4 billion by 2030.show moreshow less

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Metadaten
Document Type:Working Paper
Zitierlink: https://opus.hs-offenburg.de/5347
Bibliografische Angaben
Title (English):Export Credits and the Climate Transition
Author:Andreas KlasenStaff MemberORCiDGND, Roseline Wanjiru, Jenni Henderson, Josh Phillips
Year of Publication:2021
Page Number:20
First Page:1
Last Page:20
Parent Title (English):IfTI Working Paper Series
Series (Serial Number):IfTI Working Paper (24 (2021))
Issue:24
DOI:https://doi.org/10.48584/opus-5347
URN:https://urn:nbn:de:bsz:ofb1-opus4-53476
Language:English
Inhaltliche Informationen
Institutes:Forschung / IfTI - Institute for Trade and Innovation
Fakultät Wirtschaft (W)
Institutes:Bibliografie
GND Keyword:Climate; Export; Finance; Netzero; Trade
Formale Angaben
Open Access: Open Access 
Licence (German):License LogoUrheberrechtlich geschützt
SWB-ID:1788402480