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Insurers link Solvency II reform to boosting green investments

By Joel Poultney (June 9, 2022, 5:47 p.m. BST) – A leading insurer trade group has said the government must do more to bring the long-term insurance and savings sector into the targets net-zero carbon emissions by 2050, but called for reforms to capital adequacy rules to help unlock investment.

The Association of British Insurers said at its annual climate change summit on Wednesday that the insurance and long-term savings industry had made significant progress in setting net zero targets.

Andy Briggs, chair of ABI’s climate change committee, said there was “no time to lose” in making changes to the sector.

“Meaningful reform of the investment frameworks and regulatory regime, including…

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