Kita Partners with Wilder Carbon Delivering “Industry-First” Policy

Kita Partners with Wilder Carbon Delivering “Industry-First” Policy
Kita, the specialist carbon insurance company, has announced it is partnering with UK-based carbon standard, Wilder Carbon, creating an insurance policy for a buffer pool, in what is believed to be an "industry first". 

The buffer pool is a central reserve of carbon credits contributed by project developers and ensures the integrity and performance of carbon schemes. The Wilder Carbon buffer seeks to protect durability and performance and is specifically designed to protect the buyers of carbon credits.

This innovative insurance protection for the Wilder Carbon buffer will increase confidence by adding another level of protection against underperformance and the risk of default/withdrawal. If losses occur from carbon projects which causes the buffer to deplete, the insurance policy will function as a means to ensure buyers of carbon credits remain whole. Both companies hope the increased trust visible through the backing of a regulated insurance entity will bolster confidence in the carbon market, helping to drive meaningful sources of finance towards high-quality carbon projects.

Middle Category Image

Chaucer are the capacity provider for Wilder Carbon’s buffer insurance and have worked closely with Kita to design a solution supporting Wilder Carbon’s goal to provide projects with integrity and resilience. The three companies see buffer insurance as an essential tool to instil confidence and investment towards nature-based solutions.

Natalia Dorfman, CEO and Co-Founder of Kita, said: “By working in partnership with Carbon Standards, carbon insurance can increase resilience and build trust in the integrity and functionality of buffer pools. We are thrilled to be working with Wilder Carbon on a pioneering insurance offer for their high-quality nature-based carbon credit buffer, and hope this policy helps lead the way for the wider incorporation of insurance into buffers across the Voluntary Carbon Market.”

Sarah Brownlie, Programme Director at Wilder Carbon, also reflected: “Wilder Carbon is proud to be the first Carbon Standard to incorporate ‘Buffer Insurance’ as a safeguard against loss for Wilder Carbon’s Buffer. Partnering with Kita for innovative insurance solutions will complement Wilder Carbon’s already robust risk mitigation, trusted delivery partners and commercial approach to protect carbon credit investments on our validated projects. This will reduce barriers to market entry and secure further investment into the restoration of nature.”

Finally, Tom Graham, Head of Partnerships at Chaucer, added: “Chaucer are delighted to be supporting Kita in their partnership with Wilder Carbon, backing carbon projects which seek to gain resilience and ensuring buyers of nature-based carbon credits are protected.”

Bottom Category Image

Share this article: