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Export credit agencies

Fern works towards EU trade and investment policies that do not subsidise climate change and ensure strict financing rules are in place for institutions such as Export Credit Agencies. 

Fern’s analysis: Despite the EU’s claim that it is a leader in halting climate change, its trade and investment policies are in fact worsening the situation. Among the most damaging institutions supported by EU policies are Export credit agencies (ECAs) and the European Investment Bank who continue to finance destructive activities and the fossil fuel industry to the tune of millions. Nearly 10 per cent of world exports are supported by ECAs, approximately twice the world’s total overseas development assistance.

What Fern is doing: Fern is analysing EU finance and investment's impacts on forests and the climate in order to show its incoherence with the EU's climate policy to keep global warming below two degrees celcius and make it accountable to its own climate policies. Fern is also facilitating the European ECA Reform Campaign, bringing together a coalition of organisations from across Europe with the goal of achieving environmental and social standards for EU-based ECAs.

To learn more about this campaign: see www.eca-watch.org, the report Exporting Destruction. Export credits, illegal logging and deforestation and the book Why Investment Matters.

Most recent publications

Forestwatch Issue 145 and Copenhagen Special

  • EU Member States reject prohibition of the sale of illegal timber
  • NGOs reject Ecolabel for copying and graphic paper
  • Will Europe follow America’s ECAs in reducing GHGs
  • Integrated Product Policy and Beyond
  • Member States’ support binding biomass criteria
  • Copenhagen Update (Available in French and Spanish)

Forest Watch issue 142

  • G-20 Pittsburgh statement hopeful but clarity needed
  • Liberia’s choice
  • Malaysian déjà vu should suspend VPA process
  • Protesting Monoculture Tree Plantations
     
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PDF iconFW 142 Oct 2009.pdf196.7 KB

Forestwatch issue 141

  • Obstacles on the road to sustainable bioenergy criteria
  • Climate haggling... to be continued
  • UK timber procurement: Help shape criteria
  • The Saami Council applauds breakthrough
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PDF iconOPEN179.99 KB

G-20 public funds still subsidising tax shy companies

Launched to coincide with the release of Avoiding Solutions: How ECAs help companies that continue to evade tax, this press release calls upon European governments to advocate for a redefined and stricter definition of Tax Havens and clear rules to stop ECAs supporting companies that operate through them.

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PDF icontax havens press release.pdf52.9 KB

Avoiding solutions: How Export Credit Agencies help companies that continue to evade tax

This briefing note shows the folly of G-20 plans to increase ECAs’ capacity without ensuring they bring in regulations aimed at halting their support for companies that take advantage of tax avoidance loopholes such as offshore financial centres. It ends with a series of recommendations for ensuring ECAs are held to government policies.

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PDF iconAvoiding solutions.pdf756.15 KB

From Rome to Lisbon: a guide to the EU and its role in developing trade and investment agreements

Liberalising investments with the aim of opening markets appears to be incompatible with sustainable development of resource-based activities. FERN has therefore published a briefing note, “From Rome to Lisbon,” a guide to the EU’s investment strategy. The guide explores the EU’s controversial role in developing investment provisions in the free trade agreements it concludes with third countries.

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PDF iconfrom rome to lisbon.pdf941.36 KB

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