German government: Export promotion to become greener

The German government plans to place a stronger focus on investments in climate action in its foreign trade promotion activities. This is the aim of the new climate policy sector guidelines for export credit and investment guarantees, on which consultations with business associations, among others, have now been completed. According to German economy ministry sources on Tuesday, the new guidelines aim to promote innovation and climate-friendly technologies, as well as the export of green technologies to other countries. At the same time, the financing of climate-damaging activities is supposed to be effectively stopped. The German government is still in the process of finalizing the new guidelines.