Sector Info

The Carbon Counter displays the running total amount of long-lived greenhouse gases in the earth’s atmosphere, measured in metric tons. The number of tons can also be expressed as the concentration of GHGs in the atmosphere.

Because carbon dioxide (CO2) is by far the most common of all greenhouse gases and has the greatest total impact on climate, climate change experts frequently just use the word ‘carbon’ as a convenient shorthand to cover all the polluting GHGs in the atmosphere. That is why we refer to the ‘The Carbon Counter’ even though the Number includes much more than just carbon dioxide.

Parhelion believes that climate change is one of the most significant potential challenges faced by humanity. We also believe that market based solutions are one of most effective policy responses to mitigating this risk. Furthermore we also believe that the insurance industry can be a significant contributor to the solution. Nonetheless climate change and carbon markets are complex subjects. The details are not always intuitive and sometimes controversial. In this section we are pleased to provide a range of information either developed by Parhelion or links to high quality external independent experts to help clarify these areas.

Carbon markets – For a comprehensive review of the current state and trends of the carbon markets we recommend the ‘World Bank State and Trends of Carbon Pricing publication.

European Union Emissions Trading Scheme – This was the first legislatively backed regional international carbon trading scheme. Information on this, including maps, real time datatrends and policies is readily available.

California Cap and Trade: AB32 – From January 1, 2012, California started its cap-and-trade program with enforceable compliance obligation beginning with 2013 GHG emissions. The California Air Resource Board (ARB) designed and administers the cap-and-trade program as one of its key strategies to reduce greenhouse gas emissions to 1990 levels by 2020 and ultimately by 80% of 1990 levels by 2050.

Finance Guide For Policy Makers: Renewable Energy and Green Infrastructure – This document produced by Kirsty Hamilton, provides a comprehensive guide to financing renewable energy and green infrastructure, especially designed for policy makers.

Climate Change Guide – This section explains some of the more complex facts about climate change and also dispel some of the myths.

Climate Change Science – This section of the website goes into in-depth information about the actual science behind climate change.

We have experience in the following sectors

  • Geothermal
  • Solar Photovoltaic (PV) and solar thermal wind
  • Carbon markets
  • Energy efficiency
  • Climate adaptation
  • Biomass and waste to energy
  • Forestry and land use
  • Hydro, reservoir and run-of-river
  • Bio-ethanol
  • Coal mines and landfill gas

Coverage types

  • Operational All Risks of Physical Damage and Business Interruption (including all natural perils)
  • Construction All Risks and Advance Loss of Profit
  • Marine Cargo, including Project Cargo
  • Third Party Liability
  • Control of Well