China’s vow to boost the “scale and coverage” of export credit insurance will likely focus on technology exports and overseas investments, experts say, as Beijing works to transform its trillion-dollar Belt and Road Initiative (BRI). In late November, China’s vice minister of commerce Wang Shouwen announced that the country would be rolling out support measures ...| Global Trade Review (GTR)
Export credit agencies (ECAs) are increasingly channelling support for energy deals to high-income countries as they shift to renewables, a study has found, further shrinking poorer nations’ access to energy finance. Wealthy nations have driven a sharp rise in export credit support for renewable energy technology in recent years, but a study published today in ...| Global Trade Review (GTR)
Danish renewable energy developer Ørsted has secured a financing facility backed by a club of export credit agencies (ECAs) to fund an offshore wind project in Taiwan. The Changhua 4 wind farm, which is already under construction, will have 583 megawatts of capacity once completed and sit alongside three other wind farms, two of which ...| Global Trade Review (GTR)
Western nations have agreed to collaborate on expanding export credit agency (ECA) backing and development finance for critical minerals, following concerns over lagging investment in long-term supply and over-reliance on China. The Minerals Security Partnership, a coalition of 14 countries including all G7 states, Australia, India and South Korea as well as the European Union, ...| Global Trade Review (GTR)
