A New Layer of Trust in Carbon Credit Issuance: The Open Carbon Protocol Welcomes Kita’s Insurance Expertise
The Open Carbon Protocol is proud to announce our partnership with Kita, a leader in carbon market insurance and risk management. The OCP is designed to bring quality to the market through layers of trust and transparency. Kita will bring a crucial perspective to the Open Carbon Protocol (OCP). Kita is a specialized insurance provider offering tailored risk management solutions for the carbon market. Their expertise helps build confidence and stability in carbon credit transactions and projects.
What’s coming to the OCP :
Buffer-as-a-Service: Kita will advise on buffer pool contributions for OCP methodologies, ensuring more robust risk management. With Kita’s guidance, the OCP’s buffer pool will be regularly assessed to mitigate risk and ensure its effectiveness, efficiency and quality.
Platform Integration: Kita’s insurance services will be integrated into the OCP platform via API, providing participants with access to Kita’s services within the platform. In a reciprocal arrangement, Kita will have API access to the underlying data necessary to quickly understand and assess the risk profile of each project.
Our partnership demonstrates the importance of collaboration across the VCM. The Open Carbon Protocol is designed for actors to pool data and expertise in order to increase trust, transparency and integrity. This intention is exemplified in our efforts to bring Kita’s expertise and perspective to our platform.
Thomas Annicq from oneshot.earth says, "Our collaboration with Kita represents a significant leap forward in creating a more robust, transparent, and efficient voluntary carbon market. By combining oneshot.earth's innovative Open Carbon Protocol registry platform with Kita's risk management and insurance expertise, we're setting new standards for quality and trust in carbon credits."
Natalia Dorfman from Kita says “Our partnership with OCP represents a collaboration between two organisations with a commitment to increasing integrity and confidence across the carbon markets. Our deep understanding of risk management, together with OCPs independent, innovative registry model brings greater rigour and protection to carbon credit transactions. This, in turn, has the potential to drive significant investment towards high-quality carbon solutions, while safeguarding project stakeholders."
Together, we are paving the way for a more impactful voluntary carbon market.
The Open Carbon Protocol (OCP) by oneshot.earth is a groundbreaking carbon registry designed to revolutionize the way we approach carbon crediting. Our flexible, collaborative platform allows project developers, experts, and stakeholders in the voluntary carbon market to create new methodologies and projects that evolve with the science and the market, financing planetary-scale carbon reductions and removals. Trust should come from consensus and transparency. The OCP is developed from the ground up to comply with ICVCM’s CCP standard.