News

NZECA members reaffirm efforts to decarbonize trade at annual meeting

Members of the Net-Zero Export Credit Agencies Alliance met to review progress made by members and the alliance to date and emerging roles of export credit agencies. Members reaffirmed their ambition to decarbonize their portfolios in line with the 1.5°C goal, and marked an important milestone as Bpifrance Assurance Export announced its transition from affiliate to full member.

The COP30 mutirão decision and what it means for the global finance sector

As COP30 in Belém, Brazil drew to a close, Remco Fischer, Head of Climate for UNEP FI, and members of UNEP FI's Latin America and Caribbean-based team reflected on key outcomes from the climate negotiations, Brazil’s leadership, and private sector engagement on climate change these past two weeks—and have set out some of the implications for the global finance sector.

A just transition for Latin America and the Caribbean: New guidance for banks and insurers launched at COP30

The transition to a sustainable economy is urgent, but it must be fair to all. This is especially true for Latin America and the Caribbean (LAC): one of the most climate-vulnerable regions facing persistent social inequalities. UNEP FI’s latest report provides practical guidance on how banks and insurers operating in LAC can integrate just transition principles across their organizations.

Net-Zero Export Credit Agencies Alliance’s first progress report reveals advances in target-setting, measurable emissions reductions and climate finance developments

The UN-convened Net-Zero Export Credit Agencies Alliance (NZECA) launches its first progress report in conjunction with Trade and Finance Day at COP30, detailing how it is working to align USD 338 billion of export support with pathways to net zero by 2050. Alongside the report, the alliance releases a paper on tailoring GHG accounting methodologies for trade finance.