7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects April 14, 2021
Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday.
Coal, oil and gas infrastructure have traditionally made up a large share of the portfolios of many countries’ public export finance agencies, which support exports through state-backed financing guarantees and insurance against losses abroad.
Spain, the Netherlands, Denmark and Sweden are the other four countries to back the initiative.
Britain, France and Sweden have already laid out plans to halt export guarantees for the fossil fuel sector while the other countries in the group have yet to decide how fast they will phase out their support.
Seven European countries to halt export finance for fossil fuels tuoitrenews.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tuoitrenews.vn Daily Mail and Mail on Sunday newspapers.
French Finance Minister reaffirms 5% growth forecast for France in 2021 metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said. Coal, oil and gas infrastructure have traditionally made up a large share of the portfolios of many countries’ public export finance agencies, which support exports through state-backed .