Insurance as a Mitigation Mechanism: Managing International Greenhouse Gases Through Nationwide Mandatory Climate Change Catastrophe Insurance
45 Pages Posted: 1 Oct 2011
Date Written: 2010
Abstract
This paper investigates the role of nationwide mandatory insurance as a mitigation mechanism for reducing emissions from greenhouse gas intensive industries. Assuming that recent scientific models can accurately attribute some part of the damage from a catastrophic weather event to human generated climate triggers, this paper argues that mandatory catastrophe insurance would 1) lead to reductions in emissions by requiring industries to better manage their climate change risks and 2) provide a growing pool of money to repair climate-induced damage to national and state infrastructure.
Suggested Citation: Suggested Citation
Telesetsky, Anastasia, Insurance as a Mitigation Mechanism: Managing International Greenhouse Gases Through Nationwide Mandatory Climate Change Catastrophe Insurance (2010). Pace Environmental Law (PELR) Review, Vol. 27, No. 3, p. 691, Summer 2010, Available at SSRN: https://ssrn.com/abstract=1936008
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