Carbon Markets at an Inflection Point
Beginning with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a new suite of carbon offset and reduction regulations are closing the gap between voluntary and compliant carbon markets. Select voluntary carbon market (VCM) credits will soon be eligible for compliance markets, creating a pivotal opportunity for project developers who can signal their inventory is high quality and risk protected.
Not every credit will make the cut. Will yours?
Get there faster with Oka.
The CORSIA Countdown
-
ICAO initiates CORSIA for international airlines operating between two member states
-
All qualifying operators begin monitoring and reporting emissions for international flights
-
CORSIA begins voluntary pilot phase
-
CORSIA begins Mandatory first phase FOR airlines’ international flights
-
Our Insurance Solution Protects Market Access -
CORSIA begins mandatory second phase
Our Insurance Solution Protects Market Access
Why Insure?
Corresponding Adjustments must be made for a VCM credit to be eligible for use in CORSIA. Buyers who must retire credits won’t need to worry about risks of compliance because guarantees provided by insurance will be in place.
A Corresponding Adjustment Protect policy pays out in the event that a Corresponding Adjustment is not applied to a credit, allowing the insured to replace it with an Article 6 authorized credit. In this way, the buyer can maintain compliance with the relevant carbon market rules and have confidence that their carbon investment has not been double claimed.
Third-party guarantees are a way for project credits to be CORSIA eligible and American Carbon Registry, Gold Standard and Verra all state insurance as a guarantee.
Our insurance solution, Corresponding Adjustment Protect is a pathway to ensure market access.
Registries Requiring Guarantee
Our Insurance Solution
Corresponding Adjustment Protect™
Corresponding Adjustment Protect is the world’s first insurance solution for voluntary carbon credits sold with Article 6 authorization. Insured by Oka, project developers can secure and maintain access to compliance markets, beginning with CORSIA.
Insure your project credits to ensure market access.
Protection Against Corresponding Adjustment Losses
Failed
Reporting
The host country fails to submit a Corresponding Adjustment as part of its annual report of biennial transparency report (BTR) to the UNFCCC.
LoA
Revocation
The host country withdraws the Letter of Authorization (LoA) it has issued to the carbon developer.
VCM Label Removed
The VCM registry informs the relevant account holders that the Corresponding Adjustment has not been made within the appropriate time frame or that the LoA has been withdrawn and removes the credit’s Article 6 authorized label.
A host country fails to make a Corresponding Adjustment.
The VCM registry informs the relevant account holders of the failed Corresponding Adjustment and reason for the loss.
The insured then submits a claim to Oka, who pays out a cash sum after processing the claim.
The insured can then source new credits that are Article 6 authorized.
A host country fails to make a Corresponding Adjustment.
The VCM registry informs the relevant account holders of the failed Corresponding Adjustment and reason for the loss.
The insured then submits a claim to Oka, who pays out a cash sum after processing the claim.
The insured can then source new credits that are Article 6 authorized.
A host country fails to make a Corresponding Adjustment.
The VCM registry informs the relevant account holders of the failed Corresponding Adjustment and reason for the loss.
The insured then submits a claim to Oka, who pays out a cash sum after processing the claim.
The insured can then source new credits that are Article 6 authorized.
Corresponding Adjustment Protect
The Big Unlock
CORSIA is expected to unlock buyer demand for eligible credits. Oka’s carbon credit insurance solution secures direct access to this market opportunity.
Corresponding Adjustment Protect™
Carbon Protect™
