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ECAs are without doubt a major
factor in international trade.However,they came under severe public scrutiny when they were
discovered to finance and cover projects that
entailed partly serious negative consequences for
the environment and people.Hence,a reformation and
harmonization process started in order to fulfil the
demands of the public and to assure that the
principle of sustainability is respected by
ECAs.Steps toward the creation of a fair general
framework for ECAs have already been taken but
however it seems that critics still are not
satisfied.This book deals with the trend towards a
level playing field
for ECAs focusing on environmental,social and
ethical principles influencing the operations and
especially the project screening procedures of
ECAs.A fundamental goal is to describe the
development of ECAs to key elements in international
trade and further to reason the emergence of the
harmonization process.Regardless of still prevailing
differences among ECAs,efforts made to promote
sustainable development among ECAs can be considered
to have achieved considerable success.However,there
is still a lot of work to do.
factor in international trade.However,they came under severe public scrutiny when they were
discovered to finance and cover projects that
entailed partly serious negative consequences for
the environment and people.Hence,a reformation and
harmonization process started in order to fulfil the
demands of the public and to assure that the
principle of sustainability is respected by
ECAs.Steps toward the creation of a fair general
framework for ECAs have already been taken but
however it seems that critics still are not
satisfied.This book deals with the trend towards a
level playing field
for ECAs focusing on environmental,social and
ethical principles influencing the operations and
especially the project screening procedures of
ECAs.A fundamental goal is to describe the
development of ECAs to key elements in international
trade and further to reason the emergence of the
harmonization process.Regardless of still prevailing
differences among ECAs,efforts made to promote
sustainable development among ECAs can be considered
to have achieved considerable success.However,there
is still a lot of work to do.