We are pleased to announce that Respira is a founding member of Kita’s Carbon Supplier Pool. Taking a new, innovative approach, the carbon insurance specialist now offers clients of its Carbon Purchase Protection Cover the option to receive claims in carbon credits. We welcome such professionalism in the voluntary carbon market, viewing these developments as clear, positive markers of growth for the industry.
As a Lloyd’s of London coverholder, Kita’s Carbon Purchase Cover insures buyers of forward-purchased carbon credits against under-delivery. Kita’s new approach highlights its commitment to scaling the carbon markets and to supporting client’s high integrity net zero goals.
Kita will work closely with lead capacity provider, Chaucer, to review and assess claims and offer replacement carbon credit payment. Cash payment for eligible claims will also remain an option. Any replacement carbon credits for eligible claims will be distributed from Kita’s proprietary Carbon Supplier Pool. Respira is proud to join Everland, Pachama and Vertree as the founding members of this pool.
Speaking on the new developments, Kita’s CEO and co-founder, Natalie Dorfman, said:
“Kita’s mission is to drive more financing to scale high-integrity carbon projects, and we believe insurance is a key enabler to do this. We are proud to be leading the field when it comes to paying claims in carbon, and look forward to working with, and expanding, our Carbon Supplier Pool as we move forward.”