The climate strategy for foreign trade promotion
The federal government's export credit guarantees and UFK guarantees are in line with the 1.5-degree path and contribute to the decarbonization of the German export industry and its target countries.
Export credit guarantees support SMEs in their transformation by making it easier to secure climate-friendly exports.
Energy supply companies receive planning security for transformation projects worldwide with the Climate-UFK.
Renewable energy, climate protection and climate change adaptation, and water projects
Renewable energy technologies made in Germany rank among the best in the world. The promotion of exports of such technologies, which are mainly produced by small and medium-sized companies, is of special importance to the Federal Government. In this context maintaining the innovation dynamic for German cutting-edge technology in the field of the utilization of renewables through presence also on foreign markets plays an important role.
With the adoption of the CCSU (Climate Change Sector Understanding) of the OECD Consensus in 2012, exports of climate-friendly technologies were recognised as particularly deserving of promotion. Since the fundamental revision in the course of the consensus modernisation in 2023, in addition to renewable energies, water projects and climate change adaptation projects, particularly climate-friendly technologies are also promoted with especially long credit periods of up to 22 years. Further details can be found on the OECD website on Export Credits and in the original text of the CCSU (Annex IV to the OECD Consensus).
A success rate to be proud of
In 2022, exports worth 492 million euros relating to various sectors of climate-friendly technologies received Hermes Cover. The majority of the projects supported related to wind power. In addition to several wind farms in Canada, Turkey and Poland, the equipment of hydropower plants in Egypt and Senegal was also covered by export credit guarantees.