Greenwashing fears stimulate demand for carbon credit insurance
The voluntary carbon market (VCM) has been beset with scandals this year, often calling into question the integrity and viability of the market. However, the growing accusations of greenwashing has had positive knock-on effects, forcing greater scrutiny and rigour into the market, making it a good time for insurers to get involved, according to some sources canvassed by this publication.
Carbon credits are a fundamental plank of many corporate ESG and net zero policies, with companies paying carbon credit providers for services such as tree planting to sequester carbon and offset a firm’s carbon emissions.
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