Swedwatch 2023 Key considerations for sustainable EU export credits.pdf

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Swedwatch 2023 Key considerations for sustainable EU export credits.pdf

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Ami Hedenborg

Ami Hedenborg

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EU must urgently review its outdated policy on export credits

Despite promises to make financial flows consistent with a low-carbon economy, EU member states continue to provide financial support to the fossil fuel industry through export credits. It is time that the EU Commission replaces its outdated policy with new and ambitious regulation, prohibiting export support to oil and gas, says Swedwatch in a policy paper published today.
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Swedwatch is an independent, non-profit research organisation striving to empower rights holders and to promote responsible business practices. Through research and dialogue, Swedwatch highlights the impacts on people and planet by unsustainable business operations, and builds bridges between stakeholders in order to affect change.

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