Carbon Credit Purchases in Canada Are Now Protected With Kita

Title: Kita Earth Launches Carbon Insurance for Canadian Market Introduction: NetZeroEarth is excited to announce that carbon credit insurance company Kita Earth has entered the Canadian market, providing reliable carbon insurance policies for carbon removal credits. Kita's Carbon Purchase Protection Cover enables Canadian investors and buyers to insure their forward-purchased carbon credits, reducing the risk associated with delivery uncertainties. This innovative insurance product not only protects against potential loss but also encourages more investment in high-quality carbon projects, supporting the growth of carbon credit markets. Addressing Delivery Risks for Carbon Credits: The world recognizes the importance of carbon dioxide removal (CDR) in the fight against climate change. To achieve net-zero emissions by mid-century, billions of tonnes of carbon must be removed from the atmosphere. However, the financing of carbon projects carries the risk that the purchased carbon credits may not be delivered due to unforeseen circumstances. The lack of supply to meet growing demand often leads to pre-purchasing credits, but the years-long process of generating reliable and verified credits poses delivery risks. Kita Earth, as the world's first carbon insurer, aims to minimize uncertainty and provide insurance coverage in case the promised carbon credits fail to deliver, promoting investment and innovation in carbon removal. The Role of Carbon Credit Insurance: As businesses and governments worldwide commit to net-zero emissions, the demand for carbon removal credits continues to rise. Companies like tech giants and national governments have invested millions of dollars in supporting carbon removal credits. The growing demand for durable CDR is projected to reach 40-200 million tonnes of CO2 per year by 2030, worth billions of dollars. However, the current supply falls short of meeting this demand. To secure future supplies and achieve net-zero targets, corporations turn to pre-purchased carbon credit deals. Kita's Carbon Purchase Protection provides insurance coverage for these purchases, mitigating risks and attracting more investments into climate-positive projects. The expansion of Kita's insurance coverage to the Canadian market ensures that buyers can confidently invest in carbon credits while contributing to a sustainable future. Conclusion: Kita Earth's entry into the Canadian market with its Carbon Purchase Protection Cover marks an important milestone in the carbon credit industry. By offering insurance coverage for carbon removal credits, Kita Earth addresses the delivery risks associated with pre-purchased carbon credits, instilling confidence in buyers and attracting more investments to projects with positive climate impacts. The demand for reliable carbon removal credits is increasing, and Kita's insurance coverage provides a crucial solution to mitigate risks and protect the investments of Canadian buyers. This expansion further solidifies Kita's commitment to creating a sustainable and climate-positive future, while supporting the growth of carbon credit markets worldwide. The post Carbon Credit Purchases in Canada Are Now Protected With Kita appeared first on Carbon Credits.
Back to blog