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CFC launches Carbon Cancellation Insurance

June 13, 2024

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CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits.

The new Carbon Cancellation Insurance safeguards against financial and management risks if purchased carbon credits are cancelled or invalidated due to political risks such as regulatory changes or adverse weather events impacting carbon projects.

“While more and more businesses invest in the voluntary carbon market as part of their efforts to offset their carbon footprints, their stakeholders are looking for financial certainty on these investments,” commented George Beattie, Head of Innovation at CFC.

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