Institute for International Trade

Policy & Engagement 

WORKING PAPER No. 16

Mapping networks of export credit for fossil and clean energy infrastructure; trends, persistencies, and policy options

Official Export Credit Agencies (ECAs) are pivotal in the global energy sector, investing billions annually in fossil fuel projects. They could significantly boost the energy transition by reducing risks in large projects and supporting climate finance goals.

Our working paper analyzes ECA financing in Asia-Pacific, highlighting integrated fossil fuel lending across diverse nations without clear geopolitical divides, unlike the fragmented clean energy network dominated by a "China vs. the rest" pattern. To enhance ECAs' climate contributions, the study suggests ending fossil fuel financing, easing clean energy project requirements, increasing renewable energy funding, and expanding ECAs' roles via blended finance. The IEA stresses ECAs are crucial for achieving net zero by 2050.

Access Working Paper No.16 

The views expressed here are the author’s alone and not those of the Institute for International Trade.