Green hydrogen projects are on the increase – but they are also in the earliest stages of development and consequently banks are still treating the sector with caution. Will this emergent sector come into its own in the next decade? And what will it take to change lender angst to appetite?
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From regulatory developments in the ESG reporting space to the imperative for reform to the OECD Consensus, Ralph Nikol, senior director of ECAs and investment guarantees at Siemens Financial Services speaks to TXF about what is top of mind amid a another challenging year for export-oriented, international companies in a post-pandemic world.
ECAs have played a crucial role in supporting global trade over the course of the pandemic. Now, as exporters and buyers search for a new normal, they will need to step forwards again. Thankfully, the ECA financial toolkit appears to be sharpening as governments seek to secure key supply chains against a global energy crisis.