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Policy brief · Supporting the Energy Transition

Towards net zero for export credits: building a public climate finance alliance

How could the Net-Zero Export Credit Agencies Alliance help export credit agencies contribute far more to climate finance for developing countries?

Andreas Klasen, Noah Mihan and Anupama Sen · Oxford Smith School Policy Brief SSEE-PB-2/25 · February 2025

Abstract

Export credit agencies commit more than $1.3 trillion a year but contribute only a small share of global climate finance. The brief reviews their progress on renewable energy finance and the UN-convened Net-Zero Export Credit Agencies Alliance and its target-setting protocol, and discusses the alliance’s limits: small membership, voluntary compliance and tension with domestic economic goals. It argues that agencies could play a transformative role in scaling climate finance to developing countries.

Read the policy brief at Oxford Smith School Policy Brief SSEE-PB-2/25

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