During the conference, Swedish companies participating in the Business Sweden delegation will showcase innovative solutions for the climate transition. However, achieving the Paris Agreement target of limiting global warming to 1.5°C also requires financing.

Export credit agencies play a decisive role in reducing greenhouse gas emissions by enabling large-scale investments. There is a massive global need for capital to meet climate goals — USD 1.3 trillion annually will be required by 2035, according to the Baku to Belém Roadmap.

Financing the transition

Through its export credits, SEK can help make the necessary investments a reality, says Magnus Montan, CEO of SEK.

“Export credit agencies such as SEK are well positioned to drive progress. By reducing risk, they make it possible for public and private actors to invest in projects that would otherwise be considered too risky, especially in emerging and developing economies,” he explains.

SEK collaborates closely with other export credit agencies such as The Swedish Export Credit Agency, EKN, which provides guarantees, as well as with commercial banks and development banks to ensure projects are implemented in the best possible way.

Swedish climate solutions

Sweden is an innovative nation with a strong industrial base, offering high-tech solutions within transport, energy, and mining – sectors that are central to the climate transition. SEK has financed several successful projects, including electric trucks and buses, electric mining equipment, and transmission infrastructure for large renewable energy projects.

“We are proud to support transactions that involve Swedish solutions. In this way, SEK contributes both to Sweden’s competitiveness and to the global climate transition,” says Magnus Montan.

Accelerating global climate efforts

To accelerate the transition, SEK aims to finance even more sustainable investments – not only those that are already fossil-free, but also the transformation itself toward a low-carbon world.

“Going forward, it’s primarily about deepening collaboration with companies and other financiers to accelerate the global climate transition through coordinated efforts,” says Magnus Montan.