

Dave Benyon is joined by Harry Walker and Adam Carrier in the latest episode of the Political Risk Podcast
In this episode, Harry Walker, Director of Structured Credit and Political Risks, and Adam Carrier, Head of Consulting at AnotherDay, a Gallagher company, discuss political violence and terrorism threats to renewable energy projects. They explore the complex intersection of geopolitics, energy security and investment risk in an increasingly volatile global landscape.
Key Discussion Points
- Rare earth materials and strategic resources: How these critical components have become central to national security conversations, especially in the context of Ukraine and growing US-China tensions.
- Energy security challenges: The awakening to supply chain vulnerabilities after COVID-19 and how Europe's dependence on Russian gas demonstrated critical energy security weaknesses.
- Political risk vs. political violence: The differences between these insurance categories and how they apply specifically to renewable energy projects across emerging markets.
- Geographical risk hotspots: Why sub-Saharan Africa, North Africa, and parts of Eastern Europe present both opportunities for renewable development and significant security challenges.
- Renewable project vulnerabilities: The unique security considerations for solar, wind and other renewable assets compared to traditional energy infrastructure.
- Community engagement: The critical importance of working with local populations to prevent opposition, sabotage, and insurgency risks.
- ESG and realpolitik tensions: The competitive disadvantage Western companies may face when following ESG standards against Chinese or Russian firms that don't.
- The changing geopolitical landscape: How US energy policy shifts, European security concerns, and competition from China and Russia are reshaping the renewable energy investment environment.
- Risk mitigation strategies: Practical approaches for investors and developers to assess, manage and insure against political and security risks in renewable energy projects.
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Intangible Risks, Concrete Examples: Infrastructure & State-Sponsored Cyber in Focus
In this podcast, Sneha Nichols‑Dawda, Crisis and Security Strategy Consultant at AnotherDay, discusses risks related to digital infrastructure and cybersecurity, particularly in the context of geopolitics and corporate espionage.

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