Export credit agencies (ECAs) in the world’s biggest economies more than halved support for coal financing between 2018 and 2020 but support for the gas industry has jumped by almost US$10bn, according to new research. Oil Change International and Friends of the Earth US, two environmental campaign groups, released figures on October 28 showing that…| Global Trade Review (GTR)
A landmark deal has been struck by Organisation for Economic Co-operation and Development (OECD) countries to formally ban export credit support for unabated coal-fired power plants, but campaigners are calling for the group to widen the scope of the restrictions. Participants to the OECD Arrangement on Officially Supported Export Credits have announced that an agreement has…| Global Trade Review (GTR)
The EU has tabled a comprehensive proposal to members of the OECD Arrangement on export credits that would halt billions of dollars in oil and gas financing annually, yet climate groups warn of likely opposition from the US and Asia. The EU proposal, submitted at a meeting of OECD Arrangement on Officially Supported Export Credits…| Global Trade Review (GTR)
