• Understanding insurance in the energy transition

  • Feb 9 2024
  • Duración: 23 m
  • Podcast

Understanding insurance in the energy transition

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  • Resumen

  • Insurance is often seen as a necessary evil. It’s a cost that is often only beneficial when the worst happens. But the sector is trying to reposition itself as much more as an enabler for the energy transition. 


    In this episode, recorded on the fringes of the Green Zone at COP28 in Dubai, David speaks to Andy Cox, head of energy transition at insurance broker Howden. 


    Andy puts forward how insurance can play a vital role in creating safe, bankable projects and how it can support the carbon credit and offset markets. 


    Howden recently introduced a new insurance facility to mitigate the risks associated with carbon dioxide leakage from commercial-scale carbon capture and storage (CCS) facilities. The facility, crucial for the financial viability of CCS projects, covers liabilities related to carbon credits and allowances, aligning with the growth of the global carbon market.



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