Related Articles
Andrew Slevin, CEO, John Foord
Forward article link
Share PDF with colleagues

Climate change impacting insurability of renewables

Transition Economist talks to Andrew Slevin, CEO of John Foord, about the challenge of insuring renewable energy assets amid extreme weather

Floods, storms and searing heat made 2020 one of the worst years yet for bouts of extreme weather and climate disasters around the world. From scorching fires in Australia and California, to a record-breaking hurricane season over the Atlantic, extreme weather events impacted many parts of the world and were behind a claims surge for renewable energy assets entering this year. Rising insurance premiums for renewables is set to be one of the notable trends within the insurance industry’s underwriting of energy sector asset risk in the year ahead, according to global specialist valuation and appraisal practice John Foord, which values more than $100bn in assets annually—including in renewable

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP partners with Oman on renewables and hydrogen
18 January 2022
Oil major plans to undertake wind and solar data assessment for multi-gigawatt energy hubs
Oil majors secure Scottish offshore wind rights
18 January 2022
BP, Shell and TotalEnergies buy options to develop large-scale fixed and floating projects offered in Scotwind tender round
China’s green finance boom lacks ESG data
17 January 2022
Regulators demand greater ESG disclosure as China’s emissions goals drive acceleration of green financing
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video