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    Well better you read my earlier post the UKEF and Canadian EDC both stepped up their loans to green ESG companies biggrin.png

    https://www.gov.uk/government/publications/uk-export-finance-performance-highlights-2021-to-2022/uk-export-finance-performance-highlights-2021-to-2022

    In our new Climate Change Strategy, we committed to reaching net zero carbon emissions by 2050, making us one of the first export credit agencies (ECAs) to launch a net zero strategy.

    • £3.6 billion for sustainable projects overseas in 2021, without any support for fossil fuels.
    • £38 million for the construction of the Sharjah Environment Company LLC green headquarters powered by solar energy in the UAE
    • £260 million for the largest solar facility in Türkiye, capable of providing up to 20% of the country’s energy production and enough power for 2 million homes
    • £130 million for 6 new hospitals in Côte d’Ivoire, reaching a combined catchment of more than 1 million people
    • £42 million to export of 87 emergency bridges for use in flood-hit areas across Ghana
    • £210 million for the construction of a major offshore wind facility in Taiwan, helping to power over 650,000 homes
    • £1.1 billion for our biggest ever civil infrastructure deal to build a high-speed electric railway in Türkiye
    • COP26,Glasgow - 39 Export Credit Agencies joined us in pledging to end support for fossil fuel projects from the end of 2022

    https://www.gov.uk/government/news/british-businesses-backed-by-74-billion-government-support-to-export-around-the-world

    New emissions targets

    As the need to address climate change becomes increasingly urgent, UKEF has launched a new mission statement, putting sustainability at the centre of its purpose.

    In its report, UKEF set new targets to reduce absolute emissions (tCO2e) of oil and gas sector exposure by 75% by 2030 and reduce economic emissions intensity (tCO2e/£AAR) of power sector exposure by 58% by 2030 as it seeks to operate on a net-zero basis by 2050.

    Further to its mission statement, UKEF was also recently recognised as the top export credit agency for sustainable financing in 2021, according to an independent ranking of ECA-backed deals.

    It comes as UKEF maintained sizeable levels of financial support in its first year without backing overseas fossil fuel projects: it supported the clean energy, healthcare and critical infrastructure sectors with over £3.6 billion.

    Mike Freer, Minister for Exports, added:

    It was a pioneering and crucial step for UKEF to end its support for fossil fuel projects over a year ago. Now, with the new targets and mission statement we are launching today, UKEF is going even further to be a driving force behind the UK’s role in supporting the global energy transition. This can only be made possible with the skills and expertise of businesses across the UK, and UKEF is primed to offer its support as they seize these opportunities.


 
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