Reflecting these developments, housing stock in the country had also increased from 148 million units in 1991 to 187 million units in 2001 and is expected to further gone up to 218 million units in 2007 (NHB, 2006).
While insurance was not directly involved in the G20 deliberations, climate change is central to the industry’s future. We responded by making this issue one of our core priorities. Climate policy and energy transition are mainly a task for general government. They require above all political choices about taxation, subsidies and regulation.