The journey to net zero is fraught with geopolitical danger, economic risk and technological challenges. To what extent can, or should, insurance be a leader on that journey?
In June, Global Access Lawyers welcomed Rt. Hon Stephen Harper, 22nd Prime Minister of Canada and Bruce Carnegie-Brown, Chairman of Lloyds for a fascinating discussion, full of analysis and insight, on the climate issues most impacting the insurance market.
The Insurer, Mr. Carnegie-Brown, has authored a four-part series of articles covering the discussion.
Part one - Carnegie-Brown offers olive branch to eco-activists
In this article The Insurer, Mr. Carnegie-Brown offers an olive branch to the environmental activists who disrupted the near-350-year-old market this year, declaring that he shares their aim of managing the risks from global warming and admires their determination to drive change.
Part two - Insurers must “speak truth to power” on climate change: Canada’s former PM Harper
The global (re)insurance industry has a critical role in speaking “truth to power” when it comes to tackling the impact of climate change because of its investment in data, models and analytics to understand cat risk.
Part three - Canada’s Harper: Net-zero by 2050 virtually “unachievable” at current pace of change
Can too heavy a focus on national net-zero strategies and a lack of transparency around how global environmental goals are to be achieved lead to a spike in emissions?
Part four - Carnegie-Brown: Sector not yet fully utilising green investment potential
In the final article in the series, Lloyd’s chairman Bruce Carnegie-Brown discusses how the (re)insurance sector could better utilise its role as an institutional investor to support green growth in the global economy but said regulatory changes will be needed if it is to use its assets to their full potential.
Continuing the discussion | A special webinar
Join us for a special webinar featuring a fireside conversation, full of analysis and insight, between Rt. Hon Stephen Harper, 22nd Prime Minister of Canada and Bruce Carnegie-Brown, Chairman of Lloyds with questions posed by Peter Hastie, Managing Editor of The Insurer.
Wednesday 19 October
1.00pm AEST - Sydney
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This is commentary published by Colin Biggers & Paisley for general information purposes only. This should not be relied on as specific advice. You should seek your own legal and other advice for any question, or for any specific situation or proposal, before making any final decision. The content also is subject to change. A person listed may not be admitted as a lawyer in all States and Territories. © Colin Biggers & Paisley, Australia 2023.