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Comment: EU-US antitrust culture clash pushes global businesses to shun climate collaboration

By Andrew Boyce ( July 12, 2024, 09:25 GMT | Comment) -- The Net Zero Insurance Alliance, a UN-led collaboration between the world’s largest insurers and reinsurers, was supposed to showcase a global industry coming together to address climate change. Instead, it demonstrates how mixed messages are scaring off environment-friendly cooperation. In the EU, companies have been guided by antitrust regulators on how to cooperate on sustainability initiatives. In the US, political pressure and tightly restricted antitrust enforcement has scared them off.A United Nations-led alliance between the world’s largest insurers and reinsurers was one of the most prominent examples of a global industry teaming up to tackle the climate crisis. Instead, it is emblematic of how mixed messages by antitrust regulators are scaring off environment-friendly cooperation in the EU....

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