Kita

Last week, the Article 6.4 Supervisory Body announced the adoption of the “Requirements for activities involving removals under the Article 6.4 mechanism”. Read our detailed blog to understand what the announcement of this standard means, what is likely to happen next, and how Kita can help Project Developers and other market stakeholders to navigate these new developments. Furthermore, we have highlighted where insurance is mentioned within the standard and offered our perspective on how Kita's bespoke carbon insurance products and services can support this standard and provide greater risk management. Read the full blog here: https://lnkd.in/eGcr8UYt And please feel free to comment below with your insights to the impact of this announcement. #carboninsurance #carbonmarkets #riskmanagement

🌎 The Role of Insurance in the Carbon Market 🌏 Discover the ways in which insurance can safeguard carbon credit transactions and underpin growth in high-quality carbon solutions. In this video, made together with the team at EcoRegistry, we explore: ▶ The range of risks that carbon insurance can protect against, such as delivery delays and regulatory changes. ▶ Specialised solutions for project developers, such as our Carbon Political Risk Cover and Abandonment & Insolvency Cover, which can be fully displayed on EcoRegistry’s platform for full transparency. ▶ The benefits of insurance in building trust, unlocking capital, and promoting sustainable project development. #carboninsurance #carbonmarkets #riskmanagement Natalia Betancur Sara Présiga Romero

Kita CPO and co-founder, Thomas Merriman, will be at CCUS 2024: Capturing a Net Zero Future. Tom will be speaking as part of a breakout session invesigating the ways in which CCUS costs can be managed and reduced through innovative business models, insurance and regulation. Insurance is an effective mechanism to derisk CCUS projects and Tom will discuss some of the products Kita is developing to help protect DAC, BECCS, and CCS operators. Tom will be joined by Emily Procter of Ofgem, Matthew Harwood of Climate Investment (CI) and Leo Papanikolaou of LCCC. The session will be chaired by Holly Roberts-Harry, CFA of Howden. Find out more and register for the event: https://www.ccus.events/ #carboninsurance #ccus #riskmanagement

🔊 Attention CFOs 🔊 The business case for carbon management and reporting is compelling. From the need to adhere to rigorous regulatory frameworks, such as the EU Carbon Border Adjustment Mechanism (CBAM), to demands from stakeholders and customers for greater transparency and commitment, to internal company-wide requirements to reduce decarbonisation costs, CFOs are in a unique position to combine strategy and sustainability. This report by McKinsey & Company outlines the ways in which the finance function is well-placed to oversee carbon management and it offers a clear framework of how to approach the task of incorporating carbon into the accounting process. But how to do this while minimising risk? At Kita, we would suggest that insurance is key to managing and mitigating the uncapped liability of rising carbon costs, enabling CFOs to benefit from the inclusion of a well-thought-out carbon strategy while significantly reducing their company's risk profile. 📖 Read the full report: https://lnkd.in/eWa7Bpq7 💻 Get in touch with us to discover more: https://lnkd.in/e4tzSBhe #carboninsurance #carbonmarkets #cfo

👏 Kita hires Alex Morgan as COO 👏 We are delighted to welcome Alex Morgan as Kita's COO. Alex has been an advisor to Kita since the start, and now that he joins us full time, he will manage all things financial, operational and regulatory as Kita continues to develop insurance products and services that support growth in the carbon markets. Alex has over 20 years' experience of managing businesses, from start-ups to sophisticated, regulated financial entities, with exposure across a variety of sectors, including hedge funds, accountancy services, software, conservation and transportation. Welcome, Alex! Find out more about the team at Kita: https://lnkd.in/emxCA2gd #carboninsurance #carbonmarkets #riskmanagement

Next week, Kita's Head of Legal, Melanie Martin, will be moderating a panel at City & Financial Global’s International Carbon Markets Summit. The summit will bring together global leaders, policymakers, and industry experts to discuss the latest developments and the future direction of the carbon markets. The event will also explore the evolving roles that financial institutions and debt finance play in supporting carbon projects, as well as the importance of standardising contracts and documentation in voluntary carbon markets. These discussions aim to foster greater transparency, efficiency, and scientific rigour in carbon removal verification. Together with Simon Puleston Jones of Emral Carbon, Jeff Swartz of bp and Hugh Salway of Gold Standard, Mel will be discussing the ways in which the relationship between the mandatory and voluntary markets is evolving. 📍 44 Hallam Street, London 🗓 14th October 2024 For more information, visit: https://lnkd.in/e-XCYBvi #CarbonMarkets #carboninsurance #vcm

🗓 Will you be at the Bloomberg BNEF Summit tomorrow? Kita's CEO and Co-Founder, Natalia Dorfman, will be speaking on a panel entitled "Introducing VCM 2.0: The Offset Market Gets a Makeover". The voluntary carbon market (VCM) has seen a shift in sentiment in 2024, as efforts to standardise the market begin to take effect. The market has the attention of governments such as the US and Brazil, and work from integrity initiatives is being put into practice. This is driving demand and sets the VCM on a pathway to a market with the potential to reach $1 trillion in 2050. But this growth relies on legitimising the use of carbon credits via new standards, government intervention and mechanisms such as insurance. Natalia will be joined by Michael Curran, Head of Carbon & Environmental Products at Vitol and Doris Honold, Board Member of The Integrity Council for the Voluntary Carbon Market (ICVCM) for what promises to be a fascinating discussion, moderated by Layla Khanfar, Corporate Sustainability Analyst at Bloomberg. 🔎 Find out more about the event: https://lnkd.in/d8faR4n #carboninsurance #carbonmarkets #BNEFSummit

🏆 Kita team recognised at the Women in Green Business Awards 🏆 On a daily basis, we could not be prouder of our team here at Kita. And at last night's Women in Green Business Awards event, the skill, experience and passion represented in our workforce was celebrated by the wider industry. We are delighted to share that Eilís O’Keefe was the winner of the Rising Star of the Year (SME) category, recognised for her contribution to advancing carbon market developments, promoting deeper understanding of the sector through market education and thought leadership, and supporting women in the field via her involvement in Women In Carbon. Furthermore, Racheal Notto, was a finalist in two categories: Carbon Markets Professional of the Year and Mentor of the Year. And Natalia Dorfman was a finalist in the Entrepreneur of the Year category. Together with Renuka Shenoy, Mansi A. and Melanie Martin, the women who work at Kita showcase expertise and drive across underwriting, research, data science, legal and a host of other areas. It is so gratifying to have the work we do and the commitment we bring to the field recognised by experts and by our peers. #carboninsurance #carbonmarkets #WGBA BusinessGreen

➡ The open carbon protocol partners with Kita to elevate trust in carbon credit issuance New York Climate Week highlighted the need for greater collaboration and the pooling of expertise across the VCM in the service of swifter, more impactful progress. Kita's announcement with OCP directly reflects this need and represents a step in the direction of a more transparent, trustworthy and efficient carbon market. 📕 Read the full press release here: https://lnkd.in/dRsP7iFK #carboninsurance #carbonmarkets #vcm oneshot.earth

🗝 Unlocking sustainability as a strategic opportunity 🗝 Next week, James Kench, CFA, Kita's Head of Insurance, will be taking part in 'Accelerate Sustainability', presented by Better Insurance Network. The event seeks to explore the ways in which innovation in the insurance sector can support sustainability. James will be providing an overview of the carbon markets and highlighting the ways in which insurance can protect carbon credit transactions in order to catalyse investment. The event is sold out but there will be the opportunity for members of the network to access the recordings after the event. More details here: https://lnkd.in/eQi63vAZ #carboninsurance #carbonmarkets Antony Ireland