Export credit agencies are finding means to direct vast sums for climate action; NZECA is spearheading this movement
The Net-Zero Export Credit Agencies Alliance (NZECA), a coalition of leading public finance institutions, is making significant strides in accelerating the transition towards net-zero economies by 2050. The alliance, launched at COP28 in 2023, is strategically focused on redirecting substantial financial flows—up to $28 trillion—in support of climate action and the global net-zero transition.
The second high-level steering group meeting of NZECA took place at the TXF Global 2025 Conference in Copenhagen, where the alliance outlined a clear roadmap towards COP30 (the 30th Conference of the Parties of the UNFCCC), aiming at aligning export credit activities with net-zero goals.
NZECA's strategy involves mobilizing public and private finance through innovative instruments such as export credit insurance, untied guarantees, and working capital financing. By integrating climate impact considerations systematically, the alliance is working to mainstream climate-aligned financing within export credit operations, ensuring accountability, transparency, and measurable impact on development and climate outcomes.
The alliance benefits from collaboration with partners like the UNEP Finance Initiative and international forums such as the Fourth International Conference on Financing for Development (FfD4), which enhance coordination between public finance, private investors, and global leaders to scale climate finance effectively.
NZECA members leverage their export credit guarantees and insurance to de-risk and stimulate investments in renewable energy, clean technologies, and sustainable infrastructure across global markets, particularly in emerging and developing economies. This approach is expected to redirect international trade flows towards low-carbon goods and technologies, enabling exporters to compete in a global market that increasingly values sustainability.
By mobilizing trillions in finance, export credit agencies can accelerate green industrial development and facilitate the just energy transition, making sustainable products and services more accessible across borders. The alliance's actions help align supply chains with net-zero pathways, impacting global trade patterns by encouraging exports that contribute to climate goals and discouraging those that drive high emissions.
Member disclosures, including climate policies, GHG accounting data, and fossil fuel policies, are available on the NZECA website. Members of NZECA are currently focusing on implementing their individual targets. The alliance is tailoring this work to the unique role that ECAs and EXIMs play in the global economy.
Since the previous alliance meeting, Finland's Finnvera has joined as a full member, Bpifrance AE as an affiliate member, and Cesce has transitioned from affiliate to full member. The Net-Zero Export Credit Agencies Alliance (NZECA) has published the first NZECA Target-Setting Protocol, and members have committed to aligning their portfolios with the Paris Agreement target of limiting global warming to 1.5°C above pre-industrial levels by 2050.
The growing participation in the Alliance reflects rising support for a rapid and just real economy transition, one that includes technology transfer, climate solution deployment, and stronger alignment between trade and national climate goals. The first progress report of NZECA will be published in Q4 2025. NZECA's actions are aimed at shaping how trillions in global trade can support the transition to a net-zero economy, reshaping global trade by promoting green investments and enabling a decisive shift towards low-carbon exports, supporting both climate action and sustainable development worldwide.
- The Net-Zero Export Credit Agencies Alliance (NZECA), comprising leading public finance institutions, is striving to redirect up to $28 trillion in financial flows towards climate action and the global net-zero transition by 2050.
- NZECA's efforts include mobilizing public and private finance through innovative instruments like export credit insurance, untied guarantees, and working capital financing, integrating climate impact considerations in a bid to mainstream climate-aligned financing.
- Collaboration with partners such as the UNEP Finance Initiative and international forums like FfD4 will enhance coordination between public finance, private investors, and global leaders, scaling climate finance effectively for the global net-zero transition.
- Member countries of NZECA are focusing on implementing individual targets, with Finland's Finnvera joining as a full member, Bpifrance AE as an affiliate member, and Cesce transitioning from affiliate to full member since the last meeting.
- The alliance has published the first NZECA Target-Setting Protocol, with members committing to aligning their portfolios with the Paris Agreement target, aiming to limit global warming to 1.5°C above pre-industrial levels by 2050, and the first progress report of NZECA will be published in Q4 2025.
