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Parliamentary questions
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25 July 2017
P-004017/2017(ASW)
Answer given by Ms Malmström on behalf of the Commission
Question reference: P-004017/2017

Export Credit Agencies are national entities funded, managed and controled at the level of the respective Member States, even though for transparency purposes certain reporting duties exist at European level (see Annexe I, EU Regulation 1233/2011). There is however no obligation for Member States to report the support their Export Credit Agencies provide per fossil fuel or sector. The Organisation for Economic Cooperation and Development (OECD) Sector Understanding on Export Credits for Coal-Fired Electricity Generation projects, which has fully entered into force in 2017, provides new notification requirements on projects in that fossil fuel sector. So far, to the knowledge of the Commission no such notifications have been received.

The recital of Regulation (EU) 1233/2011 which the Honorable Member quotes underscores the relevance of Member States complying with the Union’s general provisions on external action in their national export credit systems.

The abovementioned OECD Sector Understanding on Export Credits for Coal-Fired Electricity Generation Projects was conceived as a political deliverable by the export credit community for the UN Climate Change Conference in Paris. While in the understanding of the Commission the Paris Agreement does not directly address the export credit activities of the Member States, its core objectives should also be duly taken into account in this area like in all areas of government activity.

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