What is it about?
Export Credit Agency (ECA) provides insurance for exporters, investors, and financiers to cover political and credit risks that arise in business in developing countries. ECAs can play important roles to support energy transition of developing countries. This article introduces a Japanese ECA, NEXI's perspective on the roles.
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Why is it important?
The Covid-19 outbreak adversely affected economic activities globally, and tightened fiscal balances in developing countries. The Russian war against Ukraine is incentivizing to secure fossil fuels as stable energy, which is a headwind to promoting renewable energies. Under these challenges, the article showed three important roles for ECAs to play: 1) securing FDI for green projects 2) supporting for energy transition based on regional circumstances, and 3) maximizing private capital.
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This page is a summary of: ECA
’s roles to foster green and energy transition in emerging and developing countries, Global Policy, August 2022, Wiley, DOI: 10.1111/1758-5899.13126.
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