EU teams up with other OECD countries to propose ban on export credits for coal-fired electricity projects

Countries of the Organisation for Economic Co-operation and Development (OECD) held an extraordinary meeting on Wednesday and Thursday to discuss a potential ban on export credits to unabated international coal-fired electricity generation projects. Discussions were based on a proposal submitted by the EU and other countries (Canada, the Republic of Korea, Norway, Switzerland, the United Kingdom and the United States) earlier this month. The proposal supports the greening of the global economy and is a significant step aligning the activities of the export credit agencies with Paris Agreement goals.

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