OECD members agree on new rules on government support for coal-fired power plants and coal export credit.| Global Trade Review (GTR)
A host of western nations have tabled a proposal to ban export credit support for so-called “unabated” coal-fired projects, in a bid to further limit financing for some of the world’s most polluting power plants. At an extraordinary meeting of the Organisation for Economic Co-operation and Development (OECD) Arrangement on Export Credits last week, the US,…| Global Trade Review (GTR)
The Asian Development Bank (ADB) has confirmed it will not provide any support for extraction and power projects in the coal and oil sectors, but will continue to allow some natural gas financing as it seeks to help transition the Asia Pacific toward renewable energy. The multilateral development bank’s board approved a new energy policy…| Global Trade Review (GTR)
Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate. Denmark, France, Germany, the Netherlands, Spain, Sweden and the UK announced a new alliance, the Export Finance for Future (E3F) coalition, following a virtual meeting today [April 14]…| Global Trade Review (GTR)