Oka To Partner With Cloverly On Insured Carbon Credits

Jan 19, 2024

Carbon insurance company Oka has teamed up with climate action platform Cloverly to introduce a suite of insured carbon credits, marking a significant entry into the voluntary carbon market (VCM).

Over 300 global enterprises will have exclusive access to Cloverly’s credits, safeguarded by Oka’s innovative Carbon Protect insurance solution ensuring unprecedented reversal and invalidation protections for buyers.

This will provide Cloverly’s customers with an extra layer of quality assurance and protection in addition to the current high standards vetted by in-house climate scientists, according to a statement by Oka on Thursday.

With the new brand of insured carbon credits, buyers will receive financial compensation in case of specified unforeseeable and unavoidable post-issuance risks.

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