ECA’s roles to foster green and energy transition in emerging and developing countries

Yuichiro Akita

Global Policy, 2022, vol. 13, issue 4, 538-541

Abstract: There are many challenges to foster green and energy transition in emerging and developing countries, and the roles for export credit agencies (ECAs) range over from updating the underwriting policy or way of business, to developing a new program. The COVID‐19 pandemic and the Russian War against Ukraine heightened political risks of global infrastructure development, including renewable energy in those countries. ECAs are expected to offer a risk mitigation or management tool, such as investment insurance, to enhance the investability of the project. The pathways to carbon neutrality in different countries are varied. Therefore, it would be necessary for ECAs to underwrite a transaction based on regional and country‐specific circumstances while confirming alignment with the Paris Agreement by each project. Furthermore, it is also critical for ECAs, particularly through insurance or guarantee programs to play their roles as catalysts to mobilize private capital to fill the funding gap of energy transition. The key would be for ECAs to be more innovative for all aspects of their own business model to realize the challenges.

Date: 2022
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1758-5899.13126

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:glopol:v:13:y:2022:i:4:p:538-541

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1758-5880

Access Statistics for this article

Global Policy is currently edited by David Held, Patrick Dunleavy and Eva-Maria Nag

More articles in Global Policy from London School of Economics and Political Science Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().