Risk, resilience and reinvention: the perils of the global energy transition
Despite significant milestones being reached in the renewable energy market, the continuing use of fossil fuels may undermine the speed of transition needed to meet climate change goals
Clean energy growth continues, particularly for solar and offshore wind, while global climate risks intensify. Fossil fuel production also continues, raising issues about the need to reduce emissions globally. The insurance industry thus finds itself at the centre of a high-stakes transformation