Go Balance Ltd, a provider of high-quality JREDD+ carbon credits, is proud to reveal a unique insurance feature for its Natural Capital Credits, setting a new benchmark for security and trust within the voluntary carbon market.
This feature offers buyers a streamlined, all-in-one solution: NCCs that include comprehensive insurance coverage is a standard, ensuring unmatched protection and ease for carbon credit purchasers.
In collaboration with AMI Specialty, a global insurance and reinsurance broker, and underwritten by CFC, a renowned specialist insurer based in London, Go Balance’s insurance safeguards against both cancellation and non-delivery, reinforcing its commitment to transparency, dependability, and integrity across all vintages.
“At AMI Specialty, we are committed to advancing secure, trustworthy solutions for carbon credit transactions,” added Sean Yeo, CEO at AMI Specialty.
“Our collaboration with Go Balance brings a new level of confidence to the voluntary carbon market, helping businesses achieve their sustainability goals with assurance and integrity.”
“CFC is proud to support Go Balance’s innovative approach to carbon credit insurance,” commented George Beattie, Head of Innovation at CFC.
“Our partnership enables us to provide comprehensive coverage that not only ensures the security of each credit but also promotes trust and accountability in the voluntary carbon market. CFC is committed to encouraging investment in quality carbon projects, and blending our industry first protection with Go Balance represents a definitive step forward in the market.”
By incorporating insurance directly into its Natural Capital Credits (NCCs), Go Balance removes the need for separate coverage, simplifying the process while maintaining the highest standards of integrity.
Go Balance has set a new standard for ease and confidence in the carbon market by embedding insurance into every NCC purchase, making the buying experience straightforward and reducing the complexity of due diligence for companies incorporating NCCs into their sustainability strategies.
With Go Balance’s insured NCCs, buyers gain peace of mind from the moment of purchase. Furthermore, each policy is transferred upon transaction completion, ensuring a smooth transfer of coverage to the buyer.
“By integrating insurance directly into our Natural Capital Credits, we’re setting a new standard for security and trust in the voluntary carbon market,” said Jamie Robinson, Chief Commercial Officer of Go Balance Ltd. “This innovative approach simplifies the buying process and provides our clients with unparalleled peace of mind.”
Go Balance offers a renewable two-year Carbon Cancellation Insurance policy underwritten by CFC, providing broad coverage against cancellation risks due to physical or political factors, as well as the revocation of eligibility.
A seamless transfer clause ensures continuous coverage post-purchase across all vintages. Additionally, their Carbon Delivery Insurance protects against non-delivery for up to three years, covering risks such as weather and political events. Both policies are cash-settled, simplifying claims and aligning premiums with transaction sizes.
Go Balance upholds high standards of integrity and transparency in the voluntary carbon market. Using advanced geospatial technology, NASA JPL carbon maps, and a risk-based methodology, it ensures that each Natural Capital Credit is accurately quantified, independently verified, and supported by robust data. Their independently audited platform guarantees reliable carbon solutions for companies working towards sustainability goals.
