Insurance + dMRV: Managing Risk and Enhancing Trust in the VCM

Date: December 3
Time: 15:00 GST (Dubai Local Time)
Venue: COP28 Blue Zone, IAAI - Digital Innovation Pavilion, Zone B7, Building 88, Pavilion 8

A fundamental issue that plagues voluntary carbon markets today is the lack of transparency and related trust in carbon credits. Digital measurement, reporting and verification technologies (dMRV) can build shared confidence across project developers, buyers, sellers, lenders, investors and intermediaries in the true environmental impact of carbon claims. These actors are also exposed to a myriad of risks that can affect project attractiveness and bankability. These include potential physical losses to carbon offset generating assets, environmental liabilities associated with project implementation, political and regulatory risks, and underperformance in / non-delivery of expected carbon emission reductions / removals.

Combining dMRV technologies with carbon insurance covers offers a potential means to support quality and high-integrity voluntary carbon markets and net zero targets. This industry panel will share perspectives about how dMRV and insurance together support the life cycle journey of the generation, monitoring, verification, insuring, and ultimate purchase and retirement of a high integrity carbon credit.

Moderator:
David Greenall, Global Managing Director - Climate Risk, Decarbonization, Nature & Adaptation, KPMG International

Speakers:
Stephanie Betts, Head of Alliances, Coalitions & Reporting, Aon Climate
David Tucker, Head of Origination – Energy Transition, Context Labs
Toby Janson-Smith, Chief Program, Development & Innovation Officer, Verra