Export finance and the green transition
Bibliographic Data
| ID | 21793507 |
|---|---|
| Authors | Andreas Klasen (0000-0003-0364-8374, Northumbria University, corresponding author), Roseline Wanjiru (Northumbria University), Jenni Henderson (Offenburg University of Applied Sciences), Josh Phillips (Offenburg University of Applied Sciences) |
| Year | 2022 |
| Volume | 13 |
| Issue | 5 |
| Pages | 710-720 |
| Publication date | 2022-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Policy (JOURNAL) |
| Journal identifiers | ISSN: 1758-5880 • E-ISSN: 1758-5899 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1758-5899.13121 |
| OpenAlex | W4292181085 |
| Language | EN |
| Citations received | 5 |
| References cited | 23 |
As emissions reach record levels, governments must implement and strengthen climate policies for the global pathway to net‐zero emissions by 2050. 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 research give evidence that they strongly support climate‐action‐related transactions: EXIM and ECA financing, guarantees, 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 reveal that EXIM and ECA lending, guarantee, and insurance activities must rise substantially in order to contribute to 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 up to EUR 57.4 billion by 2030
Business · Climate change · Climate Finance · Climate policy · Developing country · Economic growth · Economics · Macroeconomics · Public finance · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Ecology · Finance
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| Citations per year | 1.67 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |