This memorandum highlights three recent developments in export finance signaling an increased focus on sustainability: (1) on March 15, 2022, the Council of the European Union (the “EU Council”) issued a statement (the “EU Council Statement”) that EU member states would, by the end of 2023, set their own deadlines for ending export credit support for fossil fuel energy sector projects; (2) in January 2022, the Organization for Economic Co-operation and Development (the “OECD”) published a new version of the Arrangement on Officially Supported Export Credits (the “OECD Arrangement”) which implements, among other changes, a new restriction on export credit and tied aid support for unabated coal-fired power plants – those without operational carbon capture utilization and storage (“CCUS”). This change closes off all avenues for OECD export finance support for coal-fired power plants without CCUS; and (3) in September 2021, the International Chamber of Commerce (the “ICC”) published the “ICC Sustainability in Export Finance White Paper” (the “ICC White Paper”), which presents product and policy recommendations for the export finance market to meaningfully contribute to the sustainability agenda.