CII report warns on climate change inertia
Inadequate action to tackle climate change could trigger widespread market failure and insolvencies among insurers, a study published today has warned.
A failure to adopt sustainable technology and renewable energy would lead to insurers withdrawing cover, the report from the Chartered Insurance Institute (CII) has predicted.
The report, ‘Climate change and energy security - global challenges and the implications', set out three possible scenarios with the worst-case outcome named the ‘Downside Scenario'. However it also detailed more positive ‘Central' and ‘Upside' among the range of potential outcomes.
The best result would see a shift
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