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Publication / 6 December 2010

Cancun: ECA Watch Briefing on the role of ECAs and climate finance

At the 2010 climate summit in Cancún, the role of public and private finance will be considered, and thus the role of export credit agencies (ECAs). Many ECAs support billions of dollars worth of exports to fossil-fuel projects which emit greenhouse gases. ECA financing for fossil fuels eclipses ECA financing for climate-friendly technologies.This briefing outlines the negative impact of ECA fossil fuel financing. The paper also raises the question of whether ECAs have a role to play in contributing to 'climate finance'.

cancun_briefing-1

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