Willis Towers Watson has introduced a new insurance framework designed for carbon capture and storage (CCS) projects. The solution provides coverage for liability, environmental risks, and business interruption, adapting traditional energy and marine protections for the unique needs of carbon sequestration. This move aims to reduce financial risk for developers and operators as CCS technology moves into a larger deployment phase. By addressing the specific risks of carbon leakage and operational failure, the insurance helps make large scale decarbonization projects more bankable.
