Carbon Capture Insurance Packages
Aon Introduces an Insurance Product for Carbon Capture Companies
Kanesa D — May 16, 2024
Aon is now offering a new insurance product to protect carbon capture and storage companies and facilitate funding access. The newly unveiled insurance product from Aon plays a pivotal role in supporting industries as they strive to achieve their net-zero emissions targets, resulting in reduced carbon footprints. By providing comprehensive coverage for risks associated with CCS projects, including transportation and storage of carbon dioxide, brands are able to address common pitfalls and liabilities in advance.
“Carbon capture is a fundamental component in reducing emissions and supporting the energy transition. While challenges remain, this is a first-of-its-kind risk transfer solution, aimed at providing comprehensive cover under an agreed policy wording, for transport and storage companies engaged in CCS," said William Lynch, business leader for natural resources at Aon.
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