The UK’s export agency has pledged to achieve net zero emissions across its financing portfolio by 2050, setting out its plans to increase support for ‘green’ projects and improve its understanding of climate-related risks.
In a statement this morning, UK Export Finance (UKEF) said it would ensure that all loans, insurance, and guarantees it issues to businesses would be “entirely carbon neutral by 2050, on a net basis”, confirming it would also set “realistic” interim decarbonisation milestones that would guide its transition.
In addition, it vowed to provide more detail about the emissions produced by its most carbon-intensive projects and undertake “climate …
