All Articles

Stationed on the western coast of Bataan near the foothills of Mount Natib, the Bataan Nuclear Power Plant (BNPP) has lain dormant for nearly forty years. Commissioned during President Ferdinand Marcos Sr’s administration, the plant was almost completed in 1984, costing the country $2.3 billion. Today, the Philippines is revisiting its nuclear energy ambitions as part of a broader strategy to cut its emissions.

The security required for trillions of dollars of investment requires insurance backing, making climate insurance the basis for much of climate financing. If the world of climate financing is built on the back of the insurance industry, it is essential to understand its role.