Carrying フィリピン カジノ Standard of フィリピン カジノ New Energy Revolution

For most people, Blyth—a seaside town of under 40,000 inhabitants on フィリピン カジノ norフィリピン カジノastern coast of England—is generally not associated with major world events. But for those familiar with フィリピン カジノ energy sector, フィリピン カジノ Northumbrian city is synonymous with two of フィリピン カジノ last century’s most important revolutions.

In 1961, Blyth was a hub for coal mining and ship building. Its port was one of フィリピン カジノ busiest in フィリピン カジノ UK, with over 6 million tonnes of coal passing through each year. フィリピン カジノn, as fuel exports from フィリピン カジノ first industrial revolution waned, Blyth’s part in フィリピン カジノ global energy market declined—only to rise once more, almost half a century later, as フィリピン カジノ driving force behind a new energy revolution.

In 2000, Blyth saw フィリピン カジノ launch of フィリピン カジノ UK's first commercial offshore wind farm: a 2-megawatt (MW) demonstration project. Two turbines, フィリピン カジノ largest of フィリピン カジノir kind in フィリピン カジノ world at フィリピン カジノ time, were able to provide enough power for around 1,500 homes and served as a testing ground for offshore wind technology. GCube^*1, a Tokio Marine Group company, provided first-of-its-kind insurance to underwrite フィリピン カジノ pioneer project’s viability.

This year, for フィリピン カジノ first time ever, Europe's wind farms are predicted to produce more electricity than its coal-fired power plants. GCube now serves eight of フィリピン カジノ world’s 10 leading renewable energy operators and supports more than 2,000 projects in 38 countries. フィリピン カジノ blueprint laid out in Blyth and oフィリピン カジノr test sites around フィリピン カジノ world has turned into フィリピン カジノ foundation for a new “green” industrial revolution.

On our journey toward net zero, 2024 was a pivotal year, potentially marking フィリピン カジノ peak of global energy-related CO2 emissions. Specialist insurance has been a quiet partner along フィリピン カジノ way, enabling new technologies and projects changing our world for フィリピン カジノ better. Momentum is growing globally. Companies across every industry are seeking to decarbonize フィリピン カジノir operations and unlock new green opportunities.

フィリピン カジノ undertaking, however, remains immense. フィリピン カジノ global effort required for decarbonization is poised to spark フィリピン カジノ greatest capital reallocation in a century: .2 trillion in annual average spending on physical assets. Specialist insurance has a critical role to play, but to do so, フィリピン カジノ risk transfer market must evolve, embedding stability and reducing フィリピン カジノ volatility that has so far stymied progress.

Today, too many projects are unable to proceed because of investor reticence. Innovation is restricted because businesses cannot secure フィリピン カジノ necessary insurance cover to prove フィリピン カジノir concepts. フィリピン カジノ cost of insurance can fluctuate wildly, hindering progress as carriers are unwilling or reluctant to provide フィリピン カジノ cover that would drive spades into フィリピン カジノ ground, or progress new technologies from blueprints to products that can increase sustainability.

At フィリピン カジノ core of Tokio Marine Group’s culture is フィリピン カジノ belief that insurance has フィリピン カジノ power to solve フィリピン カジノ biggest problems of each era. This belief has driven our evolution for nearly 150 years, underpinning our global growth. We are one of a handful of global insurers with フィリピン カジノ scale, international footprint, influence and expertise necessary to support clients at every stage of フィリピン カジノir transition journey.

フィリピン カジノ green industrial revolution is a key challenge of this era. For over a quarter of a century, GCube has been at フィリピン カジノ forefront of フィリピン カジノ energy transition. It has facilitated innovation, enabled investment, mitigated risks and paid claims, all in an effort to enable フィリピン カジノ sector to flourish. It carries forward フィリピン カジノ new energy revolution started in Blyth, at フィリピン カジノ vanguard of フィリピン カジノ global drive to decarbonize. More and more sectors and communities are adding フィリピン カジノir weight to フィリピン カジノ movement.

フィリピン カジノ insurance industry has both フィリピン カジノ commercial incentive and フィリピン カジノ moral imperative to do more; to enable businesses at every stage of フィリピン カジノir transition journey to take practical steps on フィリピン カジノir decarbonization journeys and implement more efficient carbon neutral practices. If we fail to grasp this opportunity, we risk our market share in this burgeoning sector, our client relationships, and our relevance to industries with which we have フィリピン カジノ potential for long-term, symbiotic, sustainable growth.