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<p>UK Export Finance (UKEF) complies with the OECD Sector Understanding on Export
Credits for Coal Fired Electricity Generation Projects which prohibits it from supporting
all but the most efficient coal-fired power electricity generation, with exceptions
for the world’s poorest countries where the costs of cleaner power technologies may
be prohibitive and poverty reduction objectives are deemed to outweigh the impact
on climate change. UKEF has not supported the financing of any new coal-fired power
plants overseas since 2002.</p><p> </p><p>UKEF undertakes environmental, social and
human rights due diligence on all projects which are in scope of the OECD Arrangement
on Officially Supported Export Credits, applying a risk-based approach. UKEF’s mission
is to ensure no viable UK export fails for lack of finance or insurance from the private
sector. Its support is available for UK exports from all sectors.</p>
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