Considerations on COM(2024)282 -

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dossier COM(2024)282 - .
document COM(2024)282
date July  9, 2024
 
(1) The guidelines contained in the Arrangement on Officially Supported Export Credits (the ‘Arrangement’) have been transposed, and hence been made legally binding in the Union by virtue of Regulation (EU) No 1233/2011 of the European Parliament and of the Council6.

(2) In accordance with Article 6 of the Arrangement, the participants to the Arrangement (the ‘Participants’) should review this article with the objective of further strengthening its terms and conditions in order to contribute to the common goal of addressing climate change.

(3) The envisaged decision to review Article 6 of the Arrangement should be in line with the international commitments of the European Union pursuant to the Paris Agreement and the Union’s climate policy.

(4) The Council of the European Union in its Conclusions on export credit of 15 march 2022 already announced the intention by the Member States to determine by the end of 2023 in their national policies their own science-based deadlines for ending officially supported export credits to fossil fuel energy sector projects, unless in limited and clearly defined circumstances that are consistent with a 1.5°C warming limit and the goals of the Paris Agreement.

(5) It is appropriate to establish the position to be taken on the Union's behalf regarding the review of Article 6 of the Arrangement, as the envisaged decision of the Participants to the Arrangement will be binding on the Union and capable of decisively influencing the content of Union law, by virtue of Article 2 of Regulation (EU) No 1233/2011.