The United Nations Environment Programme Finance Initiative (UNEP FI) published an update on the UN-convened Net-Zero Export Credit Agencies Alliance (NZECA), where the ten members set out their strategic roadmap to COP30 and beyond for aligning export credit agency and export-import bank portfolios with climate goals. The Alliance reaffirmed its commitment to align with the Paris Agreement objective of limiting warming to 1.5°C by 2050 and reiterated its pledge to stop new direct support for international unabated fossil fuel energy projects. The second high-level steering group meeting took place at the TXF Global 2025 Conference in Copenhagen and included a review of progress to date and discussion of methodological work on carbon accounting, target-setting, transition finance and carbon-related data tailored to the role of export credit agencies (ECAs) and export-import banks (EXIMs) in trade finance. Since the prior meeting, the Alliance added Finland’s Finnvera as a full member (November 2024) and Bpifrance AE as an affiliate member (March 2025), and Spain’s Cesce announced its move from affiliate to full membership; members are implementing targets under the NZECA Target-Setting Protocol published in November 2024, supported by UNEP FI and the University of Oxford. NZECA’s first progress report on commitments is scheduled for publication in Q4 2025, and member disclosures, including climate policies, greenhouse gas accounting data and fossil fuel policies, are available on the NZECA website.

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