Insurers Dip Toes In Carbon Market But Don't Jump In

Law360, New York (May 29, 2009, 12:00 AM EDT) -- The number of insurance products related to renewable energy and climate change has shot up in recent years, but even so, the market for nondelivery of carbon credits has yet to get off the ground in either Europe or the U.S.

Nondelivery insurance is designed to protect the buyers and producers of carbon credits from such things as contract risk, market risk, political risk and technological performance risk. But thus far, only a few insurance companies worldwide are offering such products, and virtually no one is...
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