Today, two independent experts brought out a legal opinion on the obligations of countries and their export credit agencies under international law in relation to export support for fossil fuels. According to the report, emissions by fossil fuels and the related infrastructure need to be reduced urgently.
Last Thursday June 13, Rahmawati Retno Winarni of TUK, an Indonesian partner organisation of Both ENDS, presented a symbolic tree and an appeal to the Dutch Minister of Agriculture Carola Schouten, also on behalf of 10 NGOs. The joint NGOs are pushing the EU, including the Dutch government, for strict EU legislation to prevent the destruction of forests and ecosystems and to protect human rights.
Almost two-thirds of the export credit insurances that Atradius DSB provided in the 2012-2018 period went to the fossil energy sector. That is contrary to the climate agreements that the Netherlands signed in Paris.
Our new report titled EU ECA fossil fuel phase-out tracker by Both ENDS, Counter Balance and Oil Change International sheds light on the concerning lack of harmony between EU Member States' export credit climate policies.
The report was updated on April 17th, following new responses by Member States on their respective policies.