In the article Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market, Bloomberg covers how the global voluntary carbon offset market has seen an erosion of trust and talks to Oka and other insurers about how they’re aiming to help fix some of the issues.
“Insurance is there to really enable risk and enable new innovations … In the carbon market, it is an important missing part at the moment.”
– Chris Slater
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Corresponding Adjustment Protect™
An insurance solution that protects the risks of an authorized credit losing its Article 6 authorization due to a Corresponding Adjustment not being applied or LoA revocation by the host country.
Carbon Protect™
An insurance solution the provides financial compensation in the event of unforeseeable and unavoidable post-issuance risks to ensure carbon credits.
