In the UN Secretary-General’s view, global carbon neutrality must be achieved within the next three decades, global finance has to be aligned behind the Paris Agreement, and a breakthrough on adaptation needs to be delivered to protect the world from climate impacts.
“As insurers and as investors, the insurance sector has a key role to play,” stated Guterres in his speech. “Every country, city, financial institution, and company needs to adopt plans for transitioning to net-zero emissions by 2050. That means taking decisive action now.
“Insurance companies control over US$35 trillion of assets under management. I encourage the insurance industry