Swiss Re Sees $41.7 Billion Energy Losses Boosted by Renewables
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The rising share of renewables in the global power mix may spur insurable losses of as much as $41.7 billion a year by 2030, according to Swiss Re Ltd.
As new energy projects become bigger and more complex driven by demand from nations with climate goals, the risk of losses caused by disasters and adverse weather increases, according to a report by the world’s second biggest reinsurer.