Global insurance capacity facilitates China’s renewable energy boom
As the world aims to reduce CO2 emissions and reach climate goals, China is forecast to add the bulk of the global renewable energy capacity to be created by 2026 in the power sector. To be completed, the projects will require significant insurance capacity from international markets. Global renewable power capacity is expected to increase by more than 60% between 2020 and 2026, adding the equivalent of the current total global power capacity from fossil fuels and nuclear combined, according to the International Energy Agency (IEA). Solar photovoltaic (PV) alone is set to provide more than half of this capacity creation. […]
