🏭💶🌍 Can export finance keep pace with an escalating climate crisis?

We have a new study and a stellar panel to discuss this.

Join us on 7.5. online: www.oefse.at/veranstaltun...

cc @oefse.at @annahehenberger.bsky.social @oilchange.bsky.social @lukasoberndorfer.bsky.social @georgfeigl.bsky.social

Tuesday next week in Vienna! Free and open to all.

We make suggestions for climate-friendly export finance policy. What's needed?

1. a rapid, complete fossil phase-out
2. a reduction path for GHG emissions

This requires methods such as GHG accounting and CO2 lock-in assessments for export guarantees.

But more importantly: a clear course.

In an EU Council in 2022, member states agreed to *phase out* public export support to the fossil sector + shift towards climate-neutral projects.

A stocktaking in 2024 reveals mixed progress. A variety of timelines and exemptions.

What do these projects have in common:

- A giant offshore *wind farm* in the Baltic Sea
- A giant offshore *gas field* in the Black Sea

Answer: Both are made possible with the help of public export finance.

In a new study, we show how export finance can support rather than impede climate goals.