The Net-Zero Export Credit Agencies Alliance (NZECA) has released its 2026 Progress Report (download at link above), revealing a 58% rise in members’ net-zero committed portfolios, from USD238 billion to USD376 billion.

The report shows that export credit support is becoming a real tool for decarbonizing the economy. When government-backed agencies share project risk, banks and investors can commit with greater confidence — opening co-financing capacity, clearer green finance frameworks and broader access to clean energy and sustainable infrastructure worldwide.

Collective portfolio emissions fell to 92.15 MtCO2e in 2025, even as total portfolio size grew — meaning members financed more while producing less carbon.Total climate-committed exposure, including affiliates, now stands at USD380 billion, and every full member has formal policies restricting support for fossil fuels.

The sections in the report ahead dig into the detail — sector-specific decarbonization targets across energy, aviation, cement, agriculture, and shipping, plus flagship deals like EIFO’s EUR850 million wind energy facility and SEK’s €1.6 billion green rail credit in Türkiye.

NZECA brings together ten government-backed export credit agencies across Europe, North America, the Middle East, and Central Asia, all united around aligning official export finance with net zero and the Paris Agreement.