Insuring Emissions Reduction Projects
Emissions reduction projects encompass an enormous variety of technologies and present a unique risk profile with heightened technical, political, and financial risk.
There are thousands of projects around the world to reduce emissions of CO2 and other greenhouse gases (GHGs) and these continue to increase.
Many are large commercial undertakings focused on generating emission credits under the mechanisms created by the Kyoto Protocol and/or the EU Emissions Trading Scheme (EU-ETS). Others are more modest projects aimed at generating credits for the “voluntary market” or general corporate sustainability efforts.
These projects encompass an enormous variety of technologies, some proven, some more experimental. Many of these projects are located in the developing world, and the regulatory and financial framework underpinning these projects continues to undergo rapid development .
As a result, these projects present a unique risk profile with heightened technical, political, and financial risk. ACE has the expertise to develop either a single bespoke insurance policy for a unique risk or a comprehensive program, drawing on our international expertise in the following areas:
- Energy/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.