https://www.reinsurancene.ws/2021-a-pivotal-year-for-re-insurers-climate-efforts-swiss-res-ojeisekhoba/
However, carbon removal alone cannot replace the need to move away from fossil fuels.”
However, carbon removal alone cannot replace the need to move away from fossil fuels.”
The Swiss Re exec further suggested that a global carbon tax could be an important tool to incentivise low-carbon behaviour and decision-making.
At Swiss Re recently announced a triple-digit real carbon levy on both direct and indirect operational emissions such as business travel, and Ojeisekhoba believes this same logic could be applied on a wider scale by the insurance industry, using such a carbon levy to aggressively finance green technologies.