Climate diplomacy – the strategic cooperation or competition of states towards climate-related goals – is anticipated to drive global political developments in the coming century.
The global ambition – to reach net zero carbon emissions as early in the 21st Century as possible – is premised on the ability of states and civil society to define their collective environmental interests, before taking decisive action on the scale needed to address the challenge.
Insurers must monitor the changes in exposure and demand closely as the transition gains momentum and support businesses with the innovative insurance solutions that are needed to mitigate geopolitical risks around the climate challenge.
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