The climate-risk alliance comes at a critical juncture for the voluntary carbon market. In strengthening the financial and reputational protections available to corporate buyers of carbon credits, Oka is seeking to revolutionise an industry — and climate — in crisis.
Commenting on the partnership, Chris Slater, Oka Founder and CEO said: “This is a crucial milestone in our journey towards ensuring every carbon credit is insured. Sylvera’s rating expertise complements our pricing and underwriting capabilities, enabling us to deliver tailored carbon insurance solutions. Together, we look forward to bringing much-needed trust and transparency to the voluntary carbon market.”
Samuel Gill, Sylvera Co-founder and President, said “Insurers like Oka help reduce the risk burden from carbon credit buyers, a hugely important component of ensuring that the carbon markets are an effective mechanism for funding real climate action. However, accurately modeling risk requires the best data available–Sylvera makes that easier. With Sylvera’s carbon data, insurers like Oka can make better decisions about the risks associated for more accurate underwriting.”
Source: FF News
