CCS | Report: Insurance giants Allianz and Munich Re: CCS too unpredictable to be fully covered by insurance

In a report presented last Monday, a discussions group consisting of - among others - the German Federal Ministry for the Environment, insurance companies Allianz and Munich Re and the Federal Association of German banks, comes to the conclusion that the CO2-storage in Carbon Capture and Storage (CCS) technology is too unpredictable to be wholly-insured.