It’s been said that if there is a risk, it’s possible to insure against it (for a price). That leads to some interesting prospects as the economy changes and new risks emerge.
For example, I saw that Zurich has issued an interesting press release:
Zurich, a leader in political risk and trade credit insurance in emerging markets, today announced it is providing political risk insurance (PRI) for carbon credit projects. This is the first time Zurich has offered coverage for these types of “green” projects in emerging markets, reflecting the Group’s recently launched global climate initiative focusing on the myriad of risks associated with climate change.[...]
“Our involvement with carbon credit projects highlights the role of political risk coverage in helping make these projects more attractive to investors who are concerned about political risk and market volatility,” said Daniel Riordan, executive vice president and managing director for Zurich’s emerging markets unit. “As financial incentives for carbon projects become more common in the advent of emissions trading, we anticipate seeing more investments in emerging markets.”