Insurance is the backbone of the net zero transition, enabling the trillions in climate finance required to scale clean technologies, infrastructure, and nature-based solutions. By de-risking investments, insurance lowers capital costs, accelerates deployment, and ensures resilience—especially in climate-vulnerable regions. However, despite its essential role, insurance is often overlooked in climate finance discussions, resulting in missed opportunities to mobilise private capital. 

Key barriers include: 

  • Lack of awareness among financiers, businesses, and policymakers regarding the role of insurance in unlocking transition finance.
  • Regulatory challenges, specifically in emerging markets, that hinder insurers from aligning with long-term climate projects. 
  • Short-term insurance product cycles that do not align with the long-term nature of net zero initiatives. 
  • Insufficient data on emerging solutions such as carbon markets and nature-based projects. 
  • Limited capacity to scale insurance products in line with growing demand.  

With $19 trillion in transition finance needed by 2030, integrating insurance into climate finance strategies is essential to mobilising capital, increasing inevitability, and scaling solutions rapidly.

B4NZ is uniquely positioned to connect key stakeholders and drive action in integrating insurance into the net zero transition. Through our extensive political network and collaboration with policymakers, businesses, financial institutions, and insurers, we will: 

  • Push for regulatory reforms that align insurance with long-term climate projects 
  • Raise awareness of insurance’s role in unlocking transition finance. 
  • Ensure insurance is formally embedded in global finance discussions, building on its recognition at COP29. 
  • Advocate for insurance as a key financial enabler in Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs) 

We’ll also work with businesses and financial institutions to encourage early engagement with insurers, helping to strengthen project resilience and improve access to finance. This includes supporting reviews of operational and supply chain risks, promoting the role of insurance in transition planning, and showcasing how insurance can reduce the cost and accelerate the deployment of clean technologies.

Our aim is to increase recognition of insurance as a fundamental enabler of transition finance among policymakers and businesses, improve collaboration between insurers and financiers to develop innovative risk mitigation solutions, and promote the integration of insurance into climate finance frameworks. We’ll also support regulatory progress that aligns insurance products with long-term climate goals and expand insurance solutions for nature-based projects and carbon markets.

We were delighted to formally kick off this work with a webinar ‘Insuring Net Zero: Leveraging Insurance for a Sustainable Future’. The session explored why insurance is a vital enabler of green investment, What barriers are holding the industry back and What needs to change, and how we get there. Watch the session below.

If you are interested in learning more about this initiative or collaborating with us, please contact us at action@b4nz.co.uk.