Climate Change Will Burn the Insurance Markets

Climate change will burn the insurance markets

As temperatures rise and insurance markets get spooked, voters and populist politicians still want to spend less on the environment

Clean energy assets face coverage risks, Zurich Insurance says

Unless adequately shielded from extreme weather events, assets designed to help fight climate change may risk access to insurance.

Zurich urges stronger climate resilience for Europe’s clean energy infrastructure

In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report analysed more than 25,000 power generation sites across France, Germany, Italy, Spain, and the UK. Using Climate Spotlight, Zurich Resilience Solutions’ geospatial modelling tool, it assessed how clima…

Clean Energy Assets Face Coverage Risks, Zurich Insurance Says - Energy News, Top Headlines, Commentaries, Features & Events

Takeaways by Bloomberg AI Assets designed to fight climate change, such as renewable energy generation capacity, may lose access to insurance unless they’re adequately shielded from extreme weather events. Without steps to boost resilience, Europe’s clean-energy assets may face up to €270 billion in losses by 2050 and be relatively more exposed to extreme weather ...