A critical tool for scaling climate tech: insurance

We buy insurance for everything – our cars, our houses, our health. But climate tech insurance? That’s a new one.  

Turns out, insurance solves problems beyond solar. Jeff says there are unaddressed risks associated with many new climate technologies that can prevent developers from accessing affordable capital. In essence, Jeff sees insurance as part of the larger capital stack, alongside better-understood tools like venture capital and debt.

They also cover moral hazard and how insurance companies could change the market. Will insurance companies continue to offer catastrophic insurance in wildfire-prone areas, or coastal areas prone to hurricanes? Will they continue to insure coal mines and coal-fired power plants?

And Lara asks: Will insurance companies be able to adapt their models to the changing risks of climate change?