Carbon Herald just published Gallagher Аnd Kita Target Carbon Removal Uncertainty With Data Heavy Consulting Service.
Carbon Herald reports that insurance broker Gallagher is expanding its presence in the carbon removal sector through a new partnership with Kita, a specialist carbon insurer. The collaboration centers on a consulting service designed to help buyers and project developers navigate risk and uncertainty in carbon dioxide removal transactions. The offering reportedly draws on data analysis to assess delivery risk, project quality, and other factors that have made the CDR market difficult to underwrite. The move reflects growing demand for risk management tools as corporate buyers commit to long-term offtake agreements with novel removal technologies that lack established performance track records.
Our take (Heads-up): Insurance and risk advisory layers are a logical addition to a CDR market still struggling with credit quality concerns. The open question is what data actually feeds the assessments, given how thin the operational history is for most engineered removal pathways. Worth watching whether the methodology is published or kept proprietary.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald