Ending fossil fuel support: NGO recommendations for OECD countries on their Export Credit Agencies
Briefing | 27 May 2014
According to data compiled by the Natural Resources Defense Council (NRDC), between 2007 and 2013 public financial institutions provided at least $55,7 billion in funding for coal projects abroad. The largest proportion of this comes from national Export Credit Agencies (ECAs) from OECD countries, which have provided at least $32 billion over this period or 58% of total support. This briefing, endorsed by 50 NGOs from 17 countries calls on OECD countries to immediately and publicly commit to end all forms of ECA support for high carbon projects, including coal plants, mines and associated infrastructure.