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Daily Insurance Industry News
Tuesday 25th of September 2018
October 18, 2010

Environment is key concern to energy risk managers

by Richard Kilner

Story link: Environment is key concern to energy risk managers

At a recent major power conference held in Istanbul, risk managers highlighted new technologies and environmental responsibility as the areas of greatest concern in the power sector.

The Marsh Power Forum considered the power sector in Europe, Middle East and Africa (EMEA), particularly contemplating the best way to mitigate risks in an era of growing power demands whilst conforming to environmental requirements.

Green energy has risen up the agenda in recent years, with everyone from governments to shareholders becoming more interested in environmentally friendly power generation.

However, by 2030 it is forecast that coal-fired power stations will comprise 44% of the global energy sector, twice the proportion as in 2007.

Head of Marsh’s Industry Practices in EMEA Mark Pollard explained that coal is increasing in both proportional and absolute terms, but that its environmental impact is being reduced through the application of new technologies.

 

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