Nations of the world will need to come to grips with climate change and seek ways to cut carbon emissions while fulfilling the growing need for energy consumption—all of which spells growth opportunities for insurers, a new report says.
Swiss Re, in its latest report, “Building a Sustainable Energy Future: Risks and Opportunities,” lays out six scenarios under which nations will implement plans to deal with carbon emissions from fossil fuels.
Swiss Re says that no matter what strategy the world adopts to cut carbon emissions, total abandonment of fossil fuels is not an option. In fact, the report says, “fossil fuel energy will remain the dominant energy source for power generation for quite some time.”
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