Skip to main content
LIRA@BC Law

Abstract

Climate change is one of the most fundamental challenges of our time. The extraordinary growth of greenhouse gas (“GHG”) emissions in China represents the single greatest obstacle to global climate change efforts in the coming decades. Meanwhile, China suffers from the adverse consequences of climate change. It has been recognized that two factors may increase climate change risks: (a) the increase in GHG emissions, which will increase the frequency and intensity of climate hazards; and (b) the increase of value-at-risk, such as the increased concentration of the world’s population and property in vulnerable areas. Therefore, mitigation of climate change risk involves not only human intervention to reduce GHG emissions but also prevention of potential losses caused by climate hazards. Among many solutions to risk mitigation, insurance has received increased attention due to its expertise in risk management and regulatory function in influencing policyholders’ behavior. This Article examines the ability of two types of insurance—liability insurance and catastrophe insurance—to regulate and thus help mitigate climate change risks, and considers the potential lessons for China.

Files

File nameDate UploadedVisibilityFile size
03_he_A1b.pdf
8 Sep 2022
Public
636 kB

Metrics

Metadata

  • Subject
    • Comparative and Foreign Law

    • Disaster Law

    • Environmental Law

    • Insurance Law

    • International Law

  • Journal title
    • Boston College Environmental Affairs Law Review

  • Volume
    • 43

  • Issue
    • 2

  • Pagination
    • 319

  • Date submitted

    8 September 2022