Paris Alignment of Export Credit Agencies: Japan (NEXI and JBIC)

Perspectives Climate Research developed a tailor-made methodology to assess and compare export credit agencies (ECAs) and their governments regarding their alignment with the Paris Agreement. In this case study, this assessment methodology was applied to the Japanese ECAs Nippon Export and Investment Insurance (NEXI) and Japan Bank for International Cooperation (JBIC). As a result of the assessment NEXI and JBIC were rated as ‘unaligned‘ with the Paris Agreement. The study illustrates the shortcomings and provides specific recommendations for Japan to review its position.