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Fools gold: How the planet pays the price for Europes export credits

16 July 2010

Written by: Deborah Lambert Perez

Fools gold: How the planet pays the price for Europes export credits

Member States' Export Credit Agencies (ECAs) are undermining EU climate objectives by providing billions of euros worth of support for highly carbon-intensive projects and "techno-fixes" masquerading as environmental solutions. This new report highlights the most controversial recent agreements signed by ECAs, provides estimated figures of European Union export credit guarantees and shows how ECA financing favours export and investments that disproportionately benefit energy and carbon-intensive industries.

Categories: Export Credit Agencies (ECAs)

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