Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-8ctnn Total loading time: 0 Render date: 2024-12-23T03:18:34.624Z Has data issue: false hasContentIssue false

16 - Insuring the Transition

from Part IV - Finance and the Transition

Published online by Cambridge University Press:  07 December 2023

Jay S. Golden
Affiliation:
Syracuse University, New York
Get access

Summary

Neither the voluntary carbon market nor financing of climate-smart technologies can occur if affordable insurance products do not exist to minimize the numerous types of risks. We examine the types of risks and insurance products and their maturity to the marketplace.

Type
Chapter
Information
Dynamic Sustainability
Implications for Policy, Markets and National Security
, pp. 236 - 252
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

CNBC (2022). Why this Investor Doesn’t Back Companies That Use Carbon Offsets. October 7. www.cnbc.com/2022/10/07/silicon-valley-vc-we-dont-back-companies-that-use-carbon-offsets-.html.Google Scholar
Delta Airlines (2021). Delta Spotlights Ambitious Carbon Neutrality Plan on Path to Zero-Impact Aviation this Earth Month. April 22. https://news.delta.com/delta-spotlights-ambitious-carbon-neutrality-plan-path-zero-impact-aviation-earth-month.Google Scholar
Lloyds (2022). Why Coverholders Bring Their Business to Lloyd’s. www.lloyds.com/about-lloyds/value-proposition-coverholder.Google Scholar
Statista (2022). Estimated Size of the Global Insurance Market 2020, with Forecasts Up until 2025. January 11. www.statista.com/statistics/1192960/forecast-global-insurance-market.Google Scholar
Reuters (2018). 2017 Second-Costliest Year on Record for Natural-Disaster Insured Losses: Aon. January 24. www.reuters.com/article/us-global-insurance-aon/2017-second-costliest-year-on-record-for-natural-disaster-insured-losses-aon-idUSKBN1FD22Y.Google Scholar
Los Angeles Times (2019). Insured Losses from California Wildfires Top $11 Billion As Claims Keep Rolling In. January 28. www.latimes.com/business/la-fi-california-wildfires-insurance-20190128-story.html.Google Scholar
Griscom, B. W., Adams, J., Ellis, P. W. et al. (2017). Natural Climate Solutions.Proceedings of the National Academy of Sciences, 114(44): 1164511650.CrossRefGoogle ScholarPubMed
Fargione, J. E., Bassett, S., Boucher, T. et al. (2018). Natural Climate Solutions for the United States. Science Advances, 4(11): eaat1869.CrossRefGoogle ScholarPubMed
Bellamy, R. and Osaka, S. (2020). Unnatural Climate Solutions? Nature Climate Change, 10: 9899.CrossRefGoogle Scholar
Un-REDD Program (2022). Improved Forest Management (IFM). www.un-redd.org/glossary/improved-forest-management-ifm.Google Scholar
National Oceanic and Atmospheric Administration (2022). Understanding Blue Carbon. September 29. www.climate.gov/news-features/understanding-climate/understanding-blue-carbon.Google Scholar
Bloomberg (2021). World’s Largest Carbon-Sucking Plant Starts Making Tiny Dent in Emissions. www.bloomberg.com/news/features/2021-09-08/inside-the-world-s-largest-direct-carbon-capture-plant?leadSource=uverify%20wall.Google Scholar
Beerling, D. J., Kantzas, E. P., Lomas, M. R. et al. (2020). Potential for Large-Scale CO2 Removal via Enhanced Rock Weathering with Croplands. Nature, 583: 242248.CrossRefGoogle ScholarPubMed
Impax (2021). Physical Climate Risks: Designing a Resilient Response to the Inevitable Impact of Climate Change. https://impaxam.com/wp-content/uploads/2020/09/20200924_physical_climate_risk.pdf.Google Scholar
Bank for International Settlements (2021). Basel Committee on Banking Supervision: Climate-Related Risk Drivers and Their Transmission Channels. ISBN 978-92-9259-472–5.Google Scholar
Levine, M. (2021). Money Stuff: Boards Have to Pay Attention. Bloomberg. September 13. www.bloomberg.com/news/newsletters/2021-09-13/money-stuff-boards-have-to-pay-attention.Google Scholar
Gelter, M. (2022). Preliminary Procedures in Shareholder Derivative Litigation: A Beneficial Legal Transplant? Harvard Law School Forum: Corporate Governance. https://corpgov.law.harvard.edu/2022/03/14/preliminary-procedures-in-shareholder-derivative-litigation-a-beneficial-legal-transplant.Google Scholar
Ernst and Young (2022). Carbon Credit Rights under the Paris Agreement: How Article 6 and the Implementation of NDCS May Shape Government Approaches to the Carbon Market, and What This Means for Rights Related to Carbon Credits. November. www.ey.com/en_pl/law/carbon-credit-rights-under-the-paris-agreement.Google Scholar
Arbonics (2022). ABC: Who Are Verra and Gold Standard? Why They Matter. September 13. www.arbonics.com/knowledge-hub/abc-verra-and-gold-standard.Google Scholar
Personal conversations with various members of Sylvera during the months of September through December 2022.Google Scholar
Sylvera (2022). Sylvera Carbon Credit Ratings. Frameworks and Processes White Paper.Google Scholar
Lawrence, N. C., Tenesaca, C. G., VanLoocke, A., and Hall, S. J. (2021). Nitrous Oxide Emissions from Agricultural Soils Challenge Climate Sustainability in the US Corn Belt. Proceedings of the National Academy of Sciences, 118(46).CrossRefGoogle ScholarPubMed
Intelligent Material (2022). Sensors for Sustainable Agriculture. www.intelligentmaterial.com/sustainable-agriculture.Google Scholar
CNBC (2022). Crypto Firm BlockFi Files for Bankruptcy As FTX Fallout Spreads. November 28. www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html.Google Scholar
CBI (2022). Blockchain Technology for Agricultural Ingredients. Published by the Centre for the Promotion of Imports from Developing Countries – Netherlands Ministry of Foreign Affairs. www.cbi.eu/market-information/natural-ingredients-health-products/blockchain-technology-agricultural.Google Scholar
Booman, G., Craelius, A., Deriemaeker, B. et al. (2021). Regen Network Whitepaper. February 15. https://regen-network.gitlab.io/whitepaper/WhitePaper.pdf.Google Scholar
Bruce, A. (2021). The Near-Term Future of Blockchain: Tracking Carbon Offsets. Forbes. August 16. www.forbes.com/sites/forbestechcouncil/2021/08/16/the-near-term-future-of-blockchain-tracking-carbon-offsets/?sh=3726e53a5790.Google Scholar
International Energy Agency (2022). Bioenergy with Carbon Capture and Storage. www.iea.org/reports/bioenergy-with-carbon-capture-and-storage.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Insuring the Transition
  • Jay S. Golden, Syracuse University, New York
  • Book: Dynamic Sustainability
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009298711.017
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Insuring the Transition
  • Jay S. Golden, Syracuse University, New York
  • Book: Dynamic Sustainability
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009298711.017
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Insuring the Transition
  • Jay S. Golden, Syracuse University, New York
  • Book: Dynamic Sustainability
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009298711.017
Available formats
×