Publications >>
Paris Alignment of Export Credit Agencies: Sweden
Publication Date: August 2024
Perspectives Climate Research utilised its well-established methodology to assess the Swedish Export Credit Agency (EKN) and Swedish Export Credit Corporation (SEK) – the official Export Credit Agencies (ECAs) of Sweden, for their alignment with the Paris Climate Agreement. Overall, EKN and SEK were rated with ‘Paris aligned’ with scores of 2.22/3.00 and 2.30/3.00. Â
Main reasons for the score include the successful phase-out of most fossil fuel energy financing over the past years with virtually 100% of energy-related transactions flowing to renewable energy (RE), making Sweden the 4th biggest financier of RE in the Export Finance for Future alliance. Â
Neither ECA scored ‘Transformational’ due to the absence of granular reporting on project-level greenhouse gas emissions data, a clear definition of climate finance and the lack of sectoral emissions reduction targets.Â
A visual story of this case study summarising the publication’s content is available here.