Without insurance, most new fossil fuel projects cannot go ahead and existing ones would be forced to close, according to the Insure our Future report. Photo: SCMP/Simon Song
Chinese insurers Ping An, PICC lag in global coal exit ranking, which looks at investments and underwriting
- A global ranking finds Chinese insurers such as Ping An and PICC score lowly when it comes to exiting insurance cover for coal businesses
- Insured losses from natural disasters reached US$42 billion in first half, highlighting costs of not making progress on global warming targets, study says
Without insurance, most new fossil fuel projects cannot go ahead and existing ones would be forced to close, according to the Insure our Future report. Photo: SCMP/Simon Song
