Give certainty to the carbon credit market, the carbon credits generated through environmental protection projects to offset carbon dioxide emissions, in the event of disasters that damage, for example, green investments in forests.
This is what Howden, an insurance and reinsurance brokerage group, proposes.
"The climate is the latest risk management challenge that we all have to face. The insurance sector itself and political leaders - says Federico Casini, CEO of Howden Italia. The Howden Group is working on solutions for the food market".
"Can European industries be sure that their "green" investments, for example in forests, will still be there in five or ten years? - continues Casini - If there is a catastrophe that damages them they will no longer be able to request credits, thus nullifying the benefit for the environment. In voluntary carbon markets, insurance can provide confidence in a rapidly evolving scenario. Even in Italy, risk management for these markets could soon develop." Hwden and Lloyd thus plan to insure the risks of carbon dioxide (CO2) leakage from plants Commercial-scale CCS.
Howen has also renewed the partnership with Bam - Biblioteca degli Alberi Milano, a project of the Riccardo Catella Foundation, founded in 2019.
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