Despite mounting pressure from governments, global bodies, and investors, 67% of executives say they’re struggling to transition to non-carbon energy sources – a stark finding from Beazley’s Risk & Resilience research.
Carbon capture in action
Carbon capture and storage (CCS) is poised to play a significant role in supporting the transition to net zero. It’s a developing blend of technologies that can meaningfully reduce CO₂ emissions from industrial sources, remove carbon directly from the atmosphere and store it within geological formations.
CO₂ can be captured from emitters including power plants and industrial plants, technology can be retrofitted to existing plants so they can keep operating and it can enable low-cost clean hydrogen production.
Fuelling climate innovation through Insurance
To support the transition to net zero, we recognise that investment is key – and with the backing of insurance, investors gain the confidence to support emerging technologies like CCS. By helping to de-risk innovation, we’re enabling a vital step toward a sustainable future that meets global energy needs.
Beazley’s tailored support for complex CCS risks
Beazley supports CCS projects across their development and operational phases, particularly onshore. We do not currently insure post-injection environmental liabilities for offshore storage, where the complexity and scale of potential risks make underwriting particularly challenging.
Explore how our expertise is supporting CCS pioneers – and what it means for the future of sustainable energy.
From underwriting innovation to supporting resilience in the face of transition challenges, Beazley is committed to enabling progress in a rapidly evolving risk landscape.
Beyond reducing emissions, CCUS also removes carbon directly from the atmosphere—making it a vital tool for both mitigation and long-term climate resilience.