Representatives from the re/insurance sector announced their support for the “Joint Statement on Scaling up Sustainability-Linked Sovereign Finance for Nature and Climate,” launched at COP28. This statement, signed by global development banks and international organizations, established a Task Force aimed at increasing sustainable finance for nature and climate. The statement seeks to provide long-term financial solutions to meet the needs of Global South countries. Companies such as Alliant, AXA, Gallagher Re, Howden, Mosaic Insurance, Munich Re, and WTW have pledged to collaborate with the Task Force and help reduce the debt costs for developing countries.
Source and Details: Reinsurance News
