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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, the report Exporting Destruction. Export credits, illegal logging and deforestation and the book Why Investment Matters.

Most recent publications

Memorandum on the OECD's Export Credit Group

Memorandum of FERN and ECA-Watch Concerning the OECD Export Credit Group's Lack of Coherence with OECD Goals and Objectives and Other Major Problems

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NGOs suspend engagement with OECD Export Credit Group

Letter from FERN and others to the ECG  setting out the reasons for the 5 November 2007 NGO walk-out in protest over the OECD Export Credit Group's unwillingness to engage in substantive exchanges of views on issues that have been raised by NGOs over the years.
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NGOs Walk Out of OECD Meeting on Official Export Credits

Paris, 5 November 2007. Citing their frustrations at years of silence in response to repeated proposals for effective implementation of environmental and social standards, as well as for coherence with related OECD goals and agreements, non-governmental organizations (NGOs) representing hundreds of thousands of taxpayers in OECD member nations, walked out of an OECD meeting called to consult civil society organisations.
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Expropriation begins at Ilisu Dam site

The European ECA campaign has learned during a site visit, that without the knowledge of responsible authorities in Germany, Austria and Switzerland, the Turkish government has begun to expropriate the first affected villages at the controversial Ilisu dam site on the Tigris river in a move that violates conditions imposed by European export credit agencies.
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Summary Evaluation of ToR Ilisu Dam Project

A submission prepared in cooperation with members of the Ilisu Dam Campaign as a response to conditions published by financing export credit agencies. The report demonstrates that the project approval process for the Ilisu Dam was in breach of World Bank standards and that  the additional conditions, which are vague, unsubstantiated and of poor scientific quality, fail to bring the project in line with international standards
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Comments on the National Forest Management Strategy (Liberia)

Comments on the draft (version 8) of the Liberia National Forest Management Strategy from a range of stakeholders that have reviewed and commented on it. This includes comments generated at a meeting convened by the non-governmental organization coalition for Liberia and from other external experts. The Sustainable Development Institute (SDI) has consolidated these comments into a brief for the drafters of the strategy and the Forestry Development Authority (FDA).
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