UK leadership drives international shift towards cleaner export finance

UK Export Finance (UKEF) has secured new agreements at COP29 to promote decarbonisation of global export credit financing and has established the first-ever set of decarbonisation target-setting protocols for export credit agencies. UKEF has also signed a bilateral agreement with Indonesia’s PLN to support energy transition, with £3 billion available for Indonesian buyers, while committing to facilitate £10 billion in financing for clean-growth projects by 2029.