@techreport{KlasenWanjiruHendersonetal.,
  type      = {Working Paper},
  author    = {Andreas Klasen and Roseline Wanjiru and Jenni Henderson and Josh Phillips},
  title     = {Export Credits and the Climate Transition},
  series    = {IfTI Working Paper Series},
  number    = {24},
  doi       = {10.48584/opus-5347},
  url       = {https://nbn-resolving.org/urn:nbn:de:bsz:ofb1-opus4-53476},
  pages     = {20},
  abstract  = {The global pathway to net zero emissions by 2050 requires governments to implement and strengthen climate policies as global emissions are reaching record level. Climate finance plays a crucial role in the net zero transition. It refers to local, national or transnational financing seeking to support mitigation and adaptation actions that address climate change. Public export-import banks (EXIMs) and government export credit agencies (ECAs) are highly influential actors for climate action. Although there is no consensus among EXIMs and ECAs on how to define climate finance, 20 institutions assessed in this report give evidence that they significantly support climate action related transactions: EXIM and ECA financing and insurance amounted to EUR 6.7-8.4 billion in 2020, much more than estimated by the Climate Policy Initiative (CPI). However, the results also show that EXIM and ECA lending and insurance activities must rise substantially in order to contribute to the climate finance volumes required by 2030 as estimated by CPI. To retain their current proportion relative to other climate finance flows, assessed institutions would need to increase their climate financing 6.8 times to between EUR 45.3 billion and EUR 57.4 billion by 2030.},
  language  = {en}
}