Carbon insurance company Oka has teamed up with climate action platform Cloverly to introduce a suite of insured carbon credits, marking a significant entry into the voluntary carbon market (VCM). Over 300 global enterprises will have exclusive access to Cloverly’s credits, safeguarded by Oka’s innovative Carbon Protect insurance solution ensuring unprecedented reversal and invalidation protections for buyers. This responds to emerging disclosure regulations like the SEC Climate Disclosure Rule and California Bill AB 1305. Oka and Cloverly’s strategic partnership aims to enhance access, ease, trust, and transparency in the evolving carbon market, estimated to reach USD1 tril by 2037.

Source: Carbon Herald