India, Sept. 2 -- Germany is facing renewed scrutiny over its international climate commitments as a proposed overhaul of export finance rules could eliminate 40 per cent of climate assessments for projects backed by its export credit agency, Euler Hermes, according to research and advocacy groups. The move comes despite Germany's 2021 pledge to end international public finance for fossil fuels and its continued engagement with India on climate action and the green transition.

The draft policy, released for consultation until October 9, retains provisions under which some gas power projects can qualify for export finance if they meet hydrogen readiness or carbon capture and storage (CCS) conditions, according to Oil Change International ...