Core Viewpoint - The period of the 14th Five-Year Plan is crucial for China to achieve socialist modernization and the dual carbon goals, necessitating a new understanding of risk management in the insurance industry [1][6]. Group 1: Climate Adaptation and Resilience - Enhancing climate adaptability and resilience is essential to address the challenges posed by climate change, with green insurance and investment from insurance funds playing a pivotal role in mobilizing social capital for this purpose [3][8]. - The increasing frequency of extreme weather events, such as floods and droughts, has led to a significant rise in insurance claims, with payouts reaching approximately 25 billion yuan for flood disasters in 2020 and 41 billion yuan for snow and ice disasters in 2024 [3][8]. Group 2: Funding Gaps and Structural Imbalances - There is a substantial funding gap and structural imbalance in the financing of climate adaptation and resilience initiatives, which cannot be addressed solely through government funding [4][9]. - The current investment structure shows a heavy reliance on indirect financing channels like bank credit, while direct financing options such as equity and bond financing are underdeveloped [4][9]. - The urgency for climate adaptation funding is increasing, particularly in sectors like agriculture and disaster management, where significant financial support is needed [4][9].

Core Insights - The importance of green insurance and investment from insurance funds in mobilizing social capital for sustainable development in climate adaptation and resilience projects is emphasized [1][2] - The financial requirements for China's climate change mitigation and adaptation actions from 2024 to 2060 are substantial, necessitating significant participation from social capital beyond government funding [1][2] Financial Requirements - The average annual funding requirement for climate mitigation actions in China from 2021 to 2030 is approximately 2 trillion yuan [1] - For achieving carbon neutrality, the average annual funding requirement from 2021 to 2060 is about 6.5 trillion yuan [1] - The total funding requirement for both mitigation and adaptation actions from 2024 to 2030 is around 25.2 trillion yuan, averaging 3.6 trillion yuan per year [1] - From 2031 to 2060, the total funding requirement is approximately 243 trillion yuan, averaging 8.1 trillion yuan annually [1] Role of Insurance Capital - Insurance capital is highlighted for its risk management capabilities and characteristics such as flexibility, innovation, long-term investment, value investment, and responsible investment, which are crucial for responding to market demands [2] - Collaboration between government and social capital is essential to share project risks and enhance the feasibility and stability of climate adaptation and resilience projects [2] Recommendations for Policy Support - Suggestions include improving the policy support system, developing climate adaptation and resilience investment plans, and establishing clear developmental goals [2] - Recommendations also involve enhancing fiscal and tax policies, optimizing funding costs and regulatory mechanisms, increasing supervision and evaluation of climate projects, and establishing inter-departmental coordination mechanisms [2]

"'十五五'时期是我国基本实现社会主义现代化夯实基础、全面发力的关键时期，也是实现'双碳'的关键 时期。处于这样的时代方位，站在历史交汇点，新时代风险管理的任务要求赋予了保险业新的内涵。" 11月22日，十三届全国政协委员，原中国保监会党委副书记、副主席周延礼在由南方财经全媒体集团指 导、21世纪经济报道主办的"第二十届21世纪金融年会"上如是说道。 周延礼指出，在全球气候变化加剧的大背景下，提升气候适应性与韧性成为了应对气候变化挑战的关键 举措，而绿色保险和保险资金投资可撬动社会资本参与气候适应性与韧性投融资协同发展。 此外，针对当前气候适应性与韧性建设面临巨大的资金缺口和结构性失衡等问题，周延礼建议通过政策 支持体系、优化税收财政补贴、加强资金监管与跨部门协调等措施，完善气候适应性与韧性投融资的政 策环境。 气候适应性与韧性建设亟需资金与风险保障 在全球气候变化的大背景下，极端天气事件愈发频繁，如暴雨洪涝、高温干旱、超强台风等，给人类社 会的生产生活以及生态系统带来了巨大冲击，保险公司理赔金额逐年上升。 瑞士再保险公司数据，2022年全球自然灾害导致的保险赔付为1250亿美元。 目光回到国内，2020年我 ...