image credit: Unsplash

UN Climate Alliance Scraps Emissions Rules for Insurers After Exodus

July 6, 2023


The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the U.N. said on Wednesday, a major rewrite of its rules after U.S. political pressure led to a member exodus.

The NZIA is one of several United Nations-backed alliances that are supposed to coalesce financial institutions to drive efforts towards reaching net zero carbon emissions by 2050.

Read More on Insurance Journal