Net-Zero Export Credit Agencies Alliance

By Charlotte Owen-Burge | June 12, 2024

The UN-convened Net-Zero Export Credit Agencies Alliance (NZECA) unites leading public finance institutions (export credit agencies and export-import banks) committed to delivering net-zero economies by 2050 by supporting the decarbonisation of trade and facilitating joint action from public and private Finance.

Launched at COP28 with the support of the University of Oxford, Future of Climate Cooperation and UNEP FI, NZECA is the first-of-its-kind net-zero finance alliance consisting of public finance institutions. 

NZECA full members have committed to transition all operational and attributable greenhouse gas (GHG) emissions from business activities in alignment with the path to net zero by mid-century, or sooner, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100. They have also committed to end state support to the unabated fossil fuel energy sector not later than the end of 2024.

The Alliance includes a number of affiliate members that wish to commit to the goal of reaching net zero but require some support as they start their journey. They pledge to support the goal of attaining net-zero greenhouse gas emissions and advancing a just transition. Peer knowledge sharing with leading export credit agencies will help them accelerate their transition to net Zero.

To learn more or join NZECA, please visit its webpage.