International Carbon Registry and Kita advocate for insurance in VCM 2.0

The International Carbon Registry (ICR) and carbon insurance company Kita published a joint article advocating for the integration of insurance within the Voluntary Carbon Market (VCM) 2.0. They argue that insurance can mitigate risks such as project underperformance, fraud, and natural catastrophes, thereby enhancing market integrity and stakeholder confidence. The collaboration aims to deploy insurance policies more widely, complementing GHG programmes in assessing and monitoring project quality. This initiative seeks to provide greater security for VCM stakeholders by addressing challenges in quantifying and auditing climate project effectiveness.