The ACE Group of Companies has introduced the ACE Green, a new insurance solution covering the spectrum of environmental and climate related risks faced by businesses.

The company has said that the new ACE Green brings together a range of products and services from a number of ACE business lines around the world.

This includes cover for companies involved in the capture and storage of carbon dioxide and other greenhouse gases, cover for environmental liability and pollution risks, protection from adverse weather conditions and for businesses involved in the construction and operation of renewable energy facilities.

John Keogh, CEO of ACE Overseas General, said: Companies across the world need to embrace measures that help to combat the risks associated with climate and environmental change. Ignoring environmental responsibilities is no longer an option. ACE Green utilizes the global ACE network to cover businesses from the very real environmental and climate risks faced in operations.