Oka, The Carbon Insurance Company (Oka) today announced an industry-first partnership with BACX (Bolsa Argentina de Carbono), brokered by Lockton, to insure afforestation and reforestation carbon credits listed on the Argentinian exchange. These will be the world’s first exchange-traded credits sold with embedded invalidation cover, establishing a new precedent in the carbon markets.

Commenting on the alliance, Oka Founder and CEO Chris Slater said: “We’re delighted to be collaborating with BACX on a launch that sets a new industry standard. This is a critical step towards establishing embedded insurance as an industry standard, validating Oka’s starting thesis that every carbon credit must ultimately carry cover.”

David Briscoe, Head of Digital Integration & Special Projects at Lockton London, added: “This collaboration marks a major step in connecting corporate capital to carbon markets with maximum efficiency. By pairing resilient insurance solutions with Carbon Credit transactions, we empower businesses to invest in sustainability with confidence. Lockton is proud to be at the forefront of this transformative shift.”