Two years after launch, the UN-convened Net-Zero Export Credit Agencies Alliance (NZECA) has progressed from pledges to implementation — establishing governance, developing methodologies, and supporting members in setting science-based targets. 

This report sets out the progress made since the Alliance’s establishment and details how it is working to align USD 338 billion of export finance with pathways to net-zero by 2050. It provides insights into methodological developments, maps the instruments used by NZECA members to implement their commitments and progress towards their individual decarbonization goals. It also reflects on members’ intermediate targets for 2030, focusing on high-emission sectors such as energy, aviation, and cement. 

Additionally, the report features member case studies illustrating the role of export credit agencies in mobilizing complex financing structures to enable large international projects and highlight measurable contributions to the low-carbon transition. 

About the Net-Zero Export Credit Agencies Alliance 

Launched at COP28 in 2023, the UN-convened Net-Zero Export Credit Agencies Alliance (NZECA) unites leading public finance institutions committed to supporting the decarbonization of international trade and facilitating joint action from public and private finance and their real economy counterparties in pursuit of the Paris Agreement goal to reach net-zero portfolios by 2050 or sooner, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100. Learn more about the alliance and its members here.