Major insurers back Artio’s new product to support early-stage carbon credit projects and climate goals.
Tokio Marine HCC International (TMHCCI) has joined forces with Markel and Apollo to provide insurance capacity for Artio, an emerging carbon insurance platform launching a new data-driven product aimed at de-risking early-stage carbon removal projects.
This new product, now available, protects buyers from the risk that carbon credits – earned by removing carbon dioxide from the atmosphere – may not be delivered as planned. By reducing this risk early, the product helps unlock more investment in carbon removal projects.
The insurance solution addresses one of the key bottlenecks in the voluntary carbon market: uncertainty around project delivery and credit integrity. Artio’s goal is to speed up growth in the carbon market and increase the supply of trusted, high-quality carbon credits. Ultimately, this should support corporations and governments in achieving their 2030 net-zero commitments.