Coal projects outside China becoming ‘uninsurable’, says climate group

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As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future

Photograph: Brian Harris/AlamyPhotograph: Brian Harris/AlamyNew coal power projects are becoming “effectively uninsurable” outside China because so many insurance companies have ruled out support for them, a report has found.have brought the number of coal insurance exit policies to 41, according to the latest industry scorecard by the climate campaign Insure Our Future.

earlier this month. That means more than a third of the reinsurance market is now covered by oil and gas exclusions.

 

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