Carbon Capture & Storage
Insurance solutions for organisations involved in the capture and storage of large volumes of Carbon Dioxide and other Greenhouse Gases (GHGs).
In addition to energy efficiency and net emissions reduction, one response to the growing awareness to the role of Greenhouse Gas emissions in climate change is Carbon Capture and Storage (CCS).
CCS involves the capture and storage of large volumes of Carbon Dioxide and other Greenhouse Gases (GHGs), typically from large “point-sources” of GHGs - such as power plants, before they can have a detrimental effect on the environment.
While the technologies involved are still largely experimental, commercial interest in developing and marketing these technologies is increasing rapidly. Many of the concepts used will be adapted and scaled up from existing petrochemical and oilfield technologies.
As with emissions reduction projects, CCS presents a unique risk profile, with heightened technical, political and financial risk, albeit on a much larger scale. As these technologies gain a commercial foothold, ACE is ready to work with organizations in this sphere and utilise our existing expertise in large infrastructure and energy projects across the following areas:
- Construction / Technical Lines
- Professional Indemnity for Environmental Consultants
- Political Risk
As well as consulting in these and a variety of other related areas.
In addition, given the complex nature of these programs, ACE can work with insurance brokers and risk management consultants to develop customized solutions for unique risk management challenges.