EU and Allies Commit to Energy Export Transparency

PARIS, France — The European Union (EU) and several members of the Organisation for Economic Cooperation and Development (OECD), including Australia, Norway, Switzerland, and the United Kingdom, have made a significant commitment to transparency in energy sector export credits. The joint statement was endorsed in Paris on November 18, 2025.

This initiative aims to enhance transparency, accountability, and informed policymaking in support of global energy transition goals. The involved countries plan to disclose all export credit transactions associated with energy, as outlined in the Arrangement on Export Credits.

We intend to be transparent on the officially supported export credits we provide to transactions in the energy sector,” said a spokesperson from the EU. They emphasized the importance of public export credits in ensuring access to reliable and affordable energy.

The coalition has enlisted the Export Finance for Future (E3F) to compile and report on all transactions from 2015 to 2024. According to the preliminary E3F report, there is a noticeable decline in support for fossil fuels alongside a significant increase in financing for renewable energy projects.

Transactions will be categorized by year, recipient country, and energy sector. The EU plans to provide annual updates on these transactions moving forward.

The EU is part of the OECD’s Arrangement on Officially Supported Export Credits, aimed at creating a fair playing field for government-supported financial instruments. Climate-related provisions have been evolving since 2015, promoting incentives for climate-friendly investments while banning financing for coal-fired power plants.

Established in 2021, the E3F coalition consists of export credit agencies focusing on aligning their financing policies with climate objectives. They are dedicated to increasing support for sustainable projects and gradually eliminating public finance for fossil fuels.

In 2024, the EU proposed a ‘coalition of the willing’ transparency exercise for voluntary disclosure of energy-related transactions, further showing their commitment to accountability in this critical sector.