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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 131

  • Ilisu dam: the beginning of the end
  • Hope for Liberia
  • Commission wiser than Parliament on forests and climate ...
  • ... but Commission legislative proposal lacks teeth
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Forestwatch Issue 130

  • Accra climate forests discussions yield few results
  • Cautious optimism at Ghana VPA launch
  • Proposal to control illegal timber postponed again
  • Ongoing struggles in Liberia
  • The true cost of monoculture tree plantations
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Open letter to Comission President Barroso to act to control use and imports of illegal timber

In an open letter to Commission President Barroso, FERN, Greenpeace, FoE, WWF and Global Witness express their concern that a legislative proposal to control the import and use of illegal timber, as part of the EU FLEGT Programme, has been postponed again.

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Open letter re Ghana VPA

A letter by FERN and Global Witness to alert the European Commission of a few oustanding issues that need to be resolved before signing a VPA with Ghana would be acceptable to the European NGO community

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Export Credit Debt. How ECA support to corporations indebts the world's poor

This briefing note by Both ENDS and FERN highlights the fairly hidden role of Export Credit Agencies (ECAs) in the debt problems of many developing countries. It explains how export credit debt comes about, and clarifies how the cancellation of export credit debt is written off with Official Development Assistance (ODA) money.  It concludes with suggestions about how ECAs should change, in order to become coherent with international efforts to reduce poverty through sustainable development.

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Open letter to Malaysian Government by NGOs involved in FLEGT

An open letter from numerous NGOs in Europe and Indonesia and various African countries involved in the EU FLEGT programme to the Malaysian Government asking for improvements in the consultation process to negotiate a partnership agreement with the EU to control illegal logging
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