Why insurers can’t avoid Europe’s green energy boom

Stranded assets or green energy? Which category performs best? The answer might surprise some.

Perhaps an American administration ago, the answer might have come in unison with their EU partners. Now the EU and the US are growing further apart in their stances on green-friendly impact investing.

Recently, the EU Parliament voted to scale back some ESG regulations as the divergence between the US and the EU continued to grow. Under new frameworks, more than 90% of companies originally under ESG reporting rules will no longer need to comply.

The reasons for the change were simple: "They won”, said Pascal Canfin, an MEP for the centrist Renew Party, with “they” being the American Chamber of Commerce and fossil-fuel industry.

So, what does a different approach – and tenuous attempts to bridge it – mean for insurance investors?

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