Australian Department of Foreign Affairs and Trade
The Australian Department of Foreign Affairs and Trade (DFAT) engaged actoRx to deliver a comprehensive analysis on climate-related activities. Our Report covered an assessment and comparison of how export-import banks and export credit agencies, as well as development finance institutions and commercial actors are promoting exports through policies related to climate and/or new and emerging technologies that will reduce emissions.
Many governments have sought to implement and strengthen climate policies for the global pathway to net-zero emissions by 2050. Climate finance plays a crucial role in a just net-zero transition, promising tremendous opportunities for investors, contractors, operators, and suppliers. In addition to the private sector, key climate finance providers include global funds, multilateral development banks and bilateral development finance institutions. Furthermore, export-import banks and export credit agencies have become important climate finance providers in recent years.
actoRx provided a descriptive analysis outlining how governments and public financial institutions are promoting exports through policies related to climate; the initiatives, products, and programmes in the context of the domestic industry mix and export profile, as well as the impact and results these initiatives had on each entities’ operations/financing. The study also included a comparative analysis of the differences and similarities in domestic export profiles and different entities’ strategies, approaches and initiatives, the impact these have had, and overarching lessons learned.