Development of Green Insurance in China

Abstract

Global carbon emissions are rising year by year, and the problem of climate change is becoming more and more prominent. In order to cope with this problem, green insurance is gradually emerging in countries around the world. Green insurance aims to provide insurance cover for environmental risks as well as economic and technical support for sustainable development. Green insurance is developing rapidly in China. In recent years, China’s environmental protection and sustainable development have become the focus of national policies. The development of green insurance in the Chinese market has been valued and supported by all parties. The cost of green insurance in the Chinese market is relatively low, especially for large enterprises. Buying green insurance is a refl ection of responsible operation for environmental protection and sustainable development.