Export credit agencies (ECAs) have an important and effective toolbox for accelerating and shaping development through financing and dealing with risk. Being a public finance provider involved in global trade and connecting with both suppliers (exporters) and buyers (governments, public buyers, and private corporations), EKF has gained insight into the perspective of the buyer, supplier and, in project finance, sponsors, of what it takes to make a deal materialise across international borders. This is a valuable insight for work with green technologies. However, to truly deliver on the green transition we need all parts of government and society to adapt in order to increase demand and supply for green solutions at a global level. Governments must also commit to constant adaptation and improvement of policies if we are to succeed in the short time we are facing. EKF has demonstrated how export credit finance can support the global expansion of wind energy and that providing financial incentives makes a difference. I believe that ECAs are ready to take up this next challenge by managing even larger risks, providing long-term funding, and working together on improving our climate impact, which is key to achieving sustainable green development.
Photo by Ryutaro Tsukata