ecas-6a281e8ffd325975.pdf

This policy brief argues that Export Credit Agencies (ECAs), particularly those of G7 countries, prioritize energy-intensive exports over renewable energy and operate without the environmental and social safeguards required of multilateral development banks. It notes a failure by the OECD and G8 to establish binding guidelines and recommends that ECAs adopt rigorous standards, increase transparency, and set a 20% target for renewable energy and energy efficiency by 2006.

• Export Credit Agencies (ECAs) from G7 countries provided 90 percent of the co-financing for energy-intensive exports and projects, while providing significantly less support for renewable energy. Between 1994 and 1999, ECAs supported US$2 billion in renewable energy projects.
• ECAs generally lack the minimum environmental, social, and labor standards required by bilateral aid agencies and development banks. This allows ECAs to support projects that may undermine the sustainable development goals and safeguards of the World Bank and other multilateral development banks, particularly regarding large infrastructure projects in developing countries.
• Despite calls from civil society and governments for reform, the OECD Export Credit Group failed to meet mandates set by the 1999 G8 Communiqué to complete environmental guidelines for ECAs by the 2001 G8 Summit.
• The document recommends that countries participating in the WSSD ensure their ECAs adopt binding environmental and social standards, implement disclosure and consultation policies, establish independent accountability mechanisms, cancel debt for the poorest countries, and shift toward clean energy by setting portfolio targets for renewable energy and energy efficiency of at least 20% by 2006.

APA

Center for International Environmental Law (n.d.). ecas-6a281e8ffd325975.pdf. https://www.ciel.org/wp-content/uploads/2015/03/ECAs.pdf

Chicago

Center for International Environmental Law. ecas-6a281e8ffd325975.pdf. n.d. https://www.ciel.org/wp-content/uploads/2015/03/ECAs.pdf.

Wikipedia

{{cite report |author=Center for International Environmental Law |title=ecas-6a281e8ffd325975.pdf |url=https://www.ciel.org/wp-content/uploads/2015/03/ECAs.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{centerforinternationalenvironmentallawndecas6a281e8ffd325975pdf, author = {{Center for International Environmental Law}}, title = {{ecas-6a281e8ffd325975.pdf}}, institution = {Center for International Environmental Law}, url = {https://www.ciel.org/wp-content/uploads/2015/03/ECAs.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }