Countries of the Organisation for Economic Co-operation and Development (OECD) will meet on Wednesday 15 and Thursday 16 September to discuss a proposed ban on export credits for producers of coal-fired electricity.
This proposal was submitted by the EU, Canada, South Korea, the United States, Norway, the United Kingdom and Switzerland. It calls on governments to come to an agreement on an immediate ban on export credits for coal-fired power generators and the rapid phase-out of export credits for relating to the transport and mining of thermal coal.
The OECD Arrangement on Officially Supported Export Credits has governed such assistance since 1978. It imposes limits on funding conditions and transparency obligations. In addition to those countries mentioned above, Australia, Japan, New Zealand and Turkey are also participating.
In February, the European Commission already mentioned in its trade policy review that support in the form of export credits to the coal-fired power sector would be ending. (Original version in French by Léa Marchal)