Sustainable Insurer Covers Launch of Corresponding Adjustment Protect™

In this article, Sustainable Insurer covers the launch of Oka’s insurance solution ensuring access to compliance markets.


 

Oka launches cover for compliance carbon markets

Thu 6 June 2024

corresponding adjustment launch sustainable insurer oka ceo

Carbon credit insurer Oka has entered the compliance carbon market with the launch of what it described as a world-first insurance solution for voluntary credits traded into compliance markets under Article 6 of the Paris Agreement.

©Sustainable Insurer – used with permission.

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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.

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An insurance solution the provides financial compensation in the event of unforeseeable and unavoidable post-issuance risks to ensure carbon credits.