Towards Net Zero export credit: Current approaches and next steps

Aug 1, 2023

As the world economy rapidly decarbonizes to meet global climate goals, the export credit sector must keep pace. Countries representing over two-thirds of global GDP have now set net zero targets, as have hundreds of private financial institutions. Public and private initiatives are now working to develop new standards and methodologies for shifting investment portfolios to decarbonization pathways based on science. However, export credit agencies (ECAs) are only at the beginning stages of this seismic transformation. On the one hand, the net zero transition creates risks to existing business models and clients for the many ECAs, while on the other, it creates a significant opportunity for ECAs to refocus their support to help countries and trade partners their climate targets. ECAs can best take advantage of this transition, and minimize its meet risks, by setting net zero targets and adopting credible plans to decarbonize their portfolios. Collaboration across the sector can be a powerful tool for advancing this goal.

Publication details
Theme(s)
The urgency of zero
Type(s)
Briefing
Author(s)
Hale, Thomas
Year(s)
2021
Oxford Blavatnik School of Government

Latest news

Oxford launches revised Offsetting Principles
Oxford launches revised Offsetting Principles

As part of their net zero strategies, many companies, organisations, cities, regions and financial institutions are relying on voluntary carbon credits to offset their residual emissions. But evidence continues to cast doubt on the integrity of ... Read more

Job Opening at ONZ: Impact and Operations Officer
Job Opening at ONZ: Impact and Operations Officer

Oxford Net Zero is looking for a highly organised and motivated Impact and Operations Officer to join its team. You will be working alongside the Programme Manager, Cath Ibbotson, and the Head of Policy and Partnerships, Kaya Axelsson to ... Read more

Net Zero Regulation Stocktake Publishes Results 
Net Zero Regulation Stocktake Publishes Results 

A new report published by Oxford Net Zero presents a comprehensive ‘stocktake’ of developments in net-zero regulation across the G20 in 2023. It focuses primarily on four regulatory domains: claims and financial products standards, disclosure, ... Read more

See more news and events