Why Insurance Companies Run Away From the Net Zero in Insurance Alliance?

Swiss Ray, which is a largely insurance company, last year estimated that global warming could cut annual global economic output by as much as 14%, $23 trillion. There's another study by Patrick Bolton for the IMF recently, which is really quite worth looking at, comparing the costs and benefits of replacing coal with renewables. The conservative estimate of that study is that the net gain for consumers is $85 trillion. It's worthwhile to cooperate to achieve those kind of benefits for consumers. And when you look at the kind of discrimination that you were talking about, what some people would call a collective boycott. Those were all intended to exclude rivals and to increase short-term profits for the companies that participated

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