Artikel

Export finance and the green transition

As emissions reach record levels, governments must implement and strengthen climate policies for the global pathway to net‐zero emissions by 2050. 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 research give evidence that they strongly support climate‐action‐related transactions: EXIM and ECA financing, guarantees, 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 reveal that EXIM and ECA lending, guarantee, and insurance activities must rise substantially in order to contribute to 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 up to EUR 57.4 billion by 2030.

Language
Englisch

Bibliographic citation
Journal: Global Policy ; ISSN: 1758-5899 ; Volume: 13 ; Year: 2022 ; Issue: 5 ; Pages: 710-720 ; Hoboken, NJ: Wiley

Classification
Politik

Event
Geistige Schöpfung
(who)
Klasen, Andreas
Wanjiru, Roseline
Henderson, Jenni
Phillips, Josh
Event
Veröffentlichung
(who)
Wiley
(where)
Hoboken, NJ
(when)
2022

DOI
doi:10.1111/1758-5899.13121
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Klasen, Andreas
  • Wanjiru, Roseline
  • Henderson, Jenni
  • Phillips, Josh
  • Wiley

Time of origin

  • 2022

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