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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

Liberian Government actions threaten to violate the newly adopted Forestry Law & undermine ongoing forest sector reform

A NGO Coalition for Liberia press release. Despite persistent civil society advice that the Government of Liberia prioritizes the development of the National Forestry Management Strategy, a major prerequisite for granting new concessions, the government is set to go ahead with plants to grant at least ten (10) new timber concessions before the end of the year.
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Open Letter to the Liberian Forestry Development Authority (FDA)

Letter from the NGO Coalition for Liberia on the ongoing forest sector reform. The NGOs outline concerns on the ongoing discussions on timber sale contracts and chain-sawing and on the absence of the  National Forest Management Strategy.
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Delegates from Turkey ask EU to keep a close eye on the planned Ilisu dam

A delegation of representatives from the region Hasankeyf/Diyarbakir in Southeast Turkey visited Brussels from 15 to 17 June 2005 to discuss the planned Ilisu dam project in the context of Turkey’s process of accession to the European Union. The delegates say that EU standards are not being met.
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Ilisu Dam project moves Turkey away from accession

In a workshop held on 11 May 2006, the European Parliament discussed the planned Ilisu dam project in the context of Turkey’s process of accession to the European Union.
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Stakeholder consultation process for the Malaysian-EU FLEGT VPA

FERN letter urging the Malaysian Minister of Plantation Industries and Commodities to engage in discussing the characteristics of the consultative process with Malaysian civil society prior to holding consultation on the content of the VPA.
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Revised OECD export credit standards empty basket for NGOs

A joint ECA-Watch/FERN press release: On 23-24 April 2007, the OECD's Export Credit Working Group (ECG) appears set to approve revised and weakened environmental and social standards governing projects supported by export credit guarantees or loans of greater than 10 million SDRs (US$15.3 million or 11.2 million).

Article 13 of the virtually final negotiating draft of these standards, known as the 'Recommendation on Common Approaches on Environment and Officially Supported Export Credits', allows export credit agencies (ECAs) to opt out of applying any standards at all, provided that they report this to the notoriously secretive and effectively unaccountable OECD working group.
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