The collaboration aims to enhance the credibility and transparency of carbon credit transactions by leveraging Kita’s expertise in risk management, further solidifying the OCP’s mission to elevate quality and trust in the voluntary carbon market (VCM).
Kita specialises in tailored insurance solutions designed specifically for the carbon market. Their involvement in the OCP will add an essential layer of confidence and stability, offering a more secure foundation for carbon credit issuance and projects.
Key features of the partnership include, buffer-as-a-service and platform integration. Kita will play an advisory role in managing buffer pool contributions within OCP methodologies, providing regular assessments to ensure the buffer pool’s risk management framework remains robust, effective, and efficient.
Kita’s insurance services will be integrated directly into the OCP platform via an API, allowing participants seamless access to Kita’s expertise. In return, Kita will gain API access to crucial project data, enabling them to quickly assess and manage the risk profiles of individual carbon projects.
The partnership underscores the importance of collaboration across the VCM, with the shared goal of increasing trust, transparency, and integrity in carbon credit markets. By pooling data and expertise, the OCP and Kita are working together to set new standards for quality in the carbon market.
“Our collaboration with Kita represents a significant leap forward in creating a more robust, transparent, and efficient voluntary carbon market,” said Thomas Annicq from oneshot.earth. “By combining oneshot.earth’s innovative Open Carbon Protocol registry platform with Kita’s risk management and insurance expertise, we’re setting new standards for quality and trust in carbon credits.”
Natalia Dorfman from Kita added, “Our partnership with OCP highlights the commitment of both organisations to improving integrity and confidence across carbon markets.”
She added “Kita’s deep understanding of risk management, coupled with OCP’s independent and innovative registry model, brings greater rigor and protection to carbon credit transactions. In turn, this will drive significant investment towards high-quality carbon solutions while safeguarding project stakeholders.”
