Broker launches insurance against carbon leakage
London-based Howden says new product can boost bankability of CCS projects by addressing key risk
London-based broker Howden has launched an insurance facility covering leakage of CO₂ from commercial-scale CCS projects in a move designed to help unlock investment by addressing one of the sector’s key risks. The insurance facility, which Howden says is the first of its type, provides cover for environmental damage and loss of revenue arising from the sudden or gradual leakage of CO₂ from CCS projects into the air, land and water. Leakage could lead to CCS projects being unable to fulfil emission reduction commitments made against offsets or allowances issued in cap-and-trade markets. The insurance product is also designed to support the development of a commercial insurance market for lea

Also in this section
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon