CFC and Go Balance Ltd, a leading developer of high-quality JREDD+ carbon credits, are proud to introduce an innovative insurance feature for its Natural Capital Credits (NCCs), setting a new standard for security and trust in the voluntary carbon market. This feature provides buyers with a seamless, turnkey solution: NCCs that come with robust insurance protection as a standard, delivering unprecedented levels of protection and simplicity for carbon credit buyers.
In partnership with AMI Specialty, a international insurance & reinsurance broker, and underwritten by CFC, a global specialist insurer headquartered in London, Go Balance’s insurance covers both cancellation and non-delivery, underscoring its commitment to integrity, transparency and reliability across all vintages.
“At AMI Specialty, we are committed to advancing secure, trustworthy solutions for carbon credit transactions,” said 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. 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. George Beattie, Head of Inovation at CFC
By embedding insurance directly within the NCCs, Go Balance eliminates the need for separate coverage, streamlining the process and upholding the highest integrity standards.
Turnkey protection for peace of mind
Go Balance has redefined ease and assurance in the carbon market by integrating insurance directly into NCC purchases, making the buying process frictionless and simplifying due diligence for companies integrating NCCs into their sustainability frameworks. With Go Balance’s insured NCCs, buyers have peace of mind from the moment of purchase. Additionally, each policy novates upon transaction completion, ensuring seamless coverage transfer 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."
Available insurance solutions
- Carbon cancellation insurance – A renewable two-year policy underwritten by CFC, offering the broadest coverage in the market against NCC cancellation due to physical and political risks, and revocation of eligibility. Featuring a seamless transfer clause, this policy ensures continuous coverage post-purchase for peace of mind across all vintages.
- Carbon delivery insurance – A policy for forward purchase exposures with up to a three-year term, designed to protect against non-delivery due to any reason, including physical risks like weather events and political risks.
Both policies are cash-settled, ensuring straightforward claims processes and transparent premiums aligned with transaction sizes.
Commitment to integrity, precision and transparency
Go Balance’s commitment to the highest standards of integrity, precision, and transparency in the voluntary carbon market is evident in its NCCs. Developed through a meticulous, data-driven approach, Go Balance leverages advanced geospatial technology, NASA JPL carbon maps, and risk-based methodology to ensure that each credit is accurately quantified and independently verified. Systematic risk mapping, conservative adjustments to prevent over-counting, and strict adherence to best practices reinforce the robust and reliable impact of each credit. Go Balance’s independently audited geospatial platform supports this commitment, providing trustworthy carbon solutions that empower companies to meet their sustainability goals.
