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MUNICH RE NEWABLES
Our contribution to a low-carbon energy supply
Installing photovoltaic modules: Faulty com- ponents of this type are
an entrepreneurial risk for which the manufacturer
can obtain coverage from Munich Re.
Dear Reader,
Climate change is not only a cause of concern for scientists and politicians. In the coming years, it will also pose an immense challenge for the indus- trial sector too, both in terms of the measures required to adapt to our changing environment and of the necessary endeavours to reduce greenhouse emissions.
Energy policy and economic policy will play a pivotal role here, for they must strike the right balance between security of supply, cost-ef?ciency and climate protection, despite a simultaneously spiralling worldwide demand for energy which is particu- larly pronounced in developing mar- kets. Converting our energy supply sector to renewable energy sources and new technologies with low CO2 emissions will be a key issue in the search for a solution to these con?ict- ing interests.
As the world’s leading reinsurer, we intend to contribute to the success of this conversion.
In every ?eld – be it classical renew- able energy sources such as wind and water, new means of generating electricity using solar thermal power plants or photovoltaics, geothermal energy or biomass, or even trading in pollution rights, not to mention such increasingly important technologies as those for the carbon capture and sequestration from coal-?red power plants – we are keeping an eye on all developments, can offer risk-transfer solutions and are close to the market.
With our excellent know-how, we can assess the risks and offer investors interested in new power plant tech- nologies the necessary planning safety, thus supporting this conver- sion of our energy supply sector.
We are also ready to meet the future, for we are in constant contact with visionary thinkers and companies seeking to safeguard future energy supplies on an industrial scale with
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