Environmentally Beneficial Exports

Findings on Environmentally Beneficial Exports

The sharp increase in support for renewable energy projects by EXIM’s OECD counterparts in 2014 resulted in a distinct reduction in EXIM’s share of OECD member support for renewable energy exports.

EXIM’s authorizations for environmentally beneficial exports dropped from $433 million in FY2013 to $336 million in FY2014. However, as a percentage of EXIM’s total lending, support for environmentally beneficial exports increased slightly.

While EXIM’s support for renewable energy projects declined, OECD support for renewable projects increased significantly in 2014, more than doubling to $6.3 billion.

Chinese export credit agency support for renewable energy exports is estimated to have been four times greater than EXIM’s support for renewables in 2014.