Federal Minister for Economic Affairs and Climate Action Robert Habeck today met with his counterparts from Belgium, Denmark, Finland, France, Italy, the Netherlands, Spain, Sweden and the United Kingdom, to discuss the progress made in making export financing climate-friendly as part of the Export Finance for Future coalition (E3F). It is the third meeting of this kind and is being chaired by Germany for the first time.

Federal Minister for Economic Affairs and Climate Action Robert Habeck said, “Export Finance for Future aspires to align public export financing more strongly and more consistently with climate action. At today’s meeting, all participants reaffirmed this course and emphasized that the decisions taken must be implemented consistently, despite the difficult situation on the global energy and commodities markets at present, or in fact because of it. This is an important signal of unity.”

In a statement of principles in April 2021, for example, the six founding members of the E3F coalition agreed to support the export of sustainable technologies in a targeted manner, but to end the state guarantees for coal-related exports and to review the funding of exports related to other fossil fuels. At the international climate change conference COP26 in Glasgow, the E3F members agreed together with other countries to stop supporting fossil fuel energy projects that are not in line with the 1.5-degree target of the Paris Agreement from 2023, except in the case of narrow and clearly defined exceptions.

In addition to implementing the Glasgow Climate Pact, the E3F also focused on transparency. In the future, a data-informed report on climate-related funding by E3F members will be published regularly and will contain uniform key figures on the various funding measures.

The results of the third meeting of the E3F can be found here: E3F Third Summit Ministerial Outcome (PDF, 180 KB)