The Dutch government on Thursday said it intends to stop giving companies and banks credit insurance for exports in the fossil fuel sector as of Jan. 1, following through on a pledge made at the COP-26 climate conference in Glasgow.
In a statement announcing the move, the Finance Ministry called it an "important step" and noted that the Cabinet is still in dialogue with"in order to guarantee a level playing field as much as possible".
Like most industrial nations, the Netherlands grants state export credit insurance on qualifying exports when private insurance is insufficient, usually on large transactions or exports to developing countries. In 2021, the Dutch state took on 7.3 billion euros in new ECI obligations, a spokesperson for the finance ministry said. The ministry does not have data for the fossil fuel sector.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ram electric truck concept delayed, debuts Jan. 5 at CESThe Ram electric pickup was supposed to be revealed this fall, but it will be shown in January at CES instead.
Les mer »
Mark Meadows lawsuit fighting Jan. 6 subpoenas tossed by federal judgeA federal judge has dismissed former Trump administration chief of staff Mark Meadows's lawsuits against the House of Representatives' Jan. 6 Committee.
Les mer »
Secret Service spokesman interviewed by Jan. 6 committeeThe House committee investigating the events of the Capitol riot on Jan. 6, 2021, interviewed the Secret Service's spokesman on Monday as members work to finish its final report by the end of the year.
Les mer »