Building renewable energy infrastructure is desirable and doable
We just need to tackle the risks involved
Wind turbines, solar panels and hydro-electric installations are effective ways to wean ourselves off fossil fuels and address climate change. But imagine what could happen if the wind stops blowing, the sun refuses to shine or if there are frequent droughts.
We need to lower the barriers to investments, especially the ones that improve the sustainability of economic growth.
For investors to commit more capital to renewable energy sources, we need to remove regulatory obstacles and mitigate the risks that could threaten the return on their investment. Insurance has a part to play here.