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Paris Alignment of Export Credit Agencies: Finland
Number of Authors: 4
Responsible organisation
2024 (English)Book (Other academic)
Abstract [en]

Perspectives Climate Research utilized its well-established methodology to assess Finnvera Oyj, the official Export Credit Agency (ECA) of Finland, for its alignment with the Paris Climate Agreement. Overall, Finnvera was rated with ‘Paris aligned’ with a score of 2.20/3.00. The 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), though its absolute volume has been increasing only slowly. Finnvera could not score ‘Transformational’ due to shortcomings regarding financial and non-financial disclosures, the untapped potential for more national engagement to decarbonize Finland’s exports, and the absence of granular reporting on project-level greenhouse gas emissions data as well as a clear definition of climate finance and its earmarks.

Place, publisher, year, edition, pages
Copenhagen: Nordisk Ministerråd, 2024. , p. 58
Series
TemaNord, ISSN 0908-6692 ; 2024:537
National Category
Social Sciences
Research subject
Environment and Climate; Nordic Solutions; Economy and national budget; Energy; Finance; Public finance; Sustainable development
Identifiers
URN: urn:nbn:se:norden:org:diva-13271DOI: 10.6027/temanord2024-537ISBN: 978-92-893-8041-6 (electronic)ISBN: 978-92-893-8042-3 (electronic)OAI: oai:DiVA.org:norden-13271DiVA, id: diva2:1888972
Available from: 2024-08-14 Created: 2024-08-14 Last updated: 2024-08-14

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Publisher's full textOnline publicationParis Alignment of Export Credit Agencies: Sweden
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
  • rtf