To facilitate the expansion into the European market, Kita is partnering with Pro MGA Solutions Europe GmbH.
Kita’s primary product, Carbon Purchase Protection Cover (CPPC), protects buyers of high-quality carbon credits from the pre-validation stage against the risk of future under-delivery, ensuring Kita covers any lost carbon credits.
The product aims to address several obstacles that hinder the potential growth of carbon markets and, by association, the expansion of carbon solutions these markets rely on. CPPC encourages significant investment in carbon projects at initial stages, helping these companies to increase their impact by minimising the risk of pre-purchased carbon credit transactions.
Kita recently co-authored a report with specialist management consultancy Oxbow Partners, which found that the total market for carbon credit insurance could reach roughly $1 billion in annual Gross Written Premium (GWP) by 2030, with the potential to reach $10-30 billion GWP by 2050.
Kita is expanding in advance of this increased demand, offering specialized products to market participants across multiple regions to protect their high-quality carbon credit transactions.
