Insurer RheinLand Versicherung is offering European customers car, home and business policies with an added attraction the ability to sequester CO2 to stem climate change and the possibility of future profits, too.
Customers can buy shares in a reforestation project in Panama for 1,000 Euro (US$1,041) each. The Panamanian forest company Futuro Forestal, which is certified by the Forest Stewardship Council, will manage the forest until the trees are ready to be cut (about 25 years). If investors receive annual returns between 7-12 percent, as RheinLand predicts, a person with the minimum share in combination with car insurance will earn back the total cost of the insurance premiums for the period.
RheinLand Versicherung: [sorry this link is no longer available]
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