’These are perils that we haven’t really taken seriously in the past, given the emphasis on the US market, and now there are increasingly unmodeled events,’ says underwriter
Clean energy projects around the globe are increasing being threatened by natural catastrophes and extreme weather events. And while the US has long been the focal point of natural catastrophe challenges, the problem is now far more widespread.
Although the renewables sector recognises the increasing climate-driven risks due to modelling and data shortfalls, the full scale and complexity of those risks remains unclear.
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