About the product/service
Many companies are targeting carbon neutrality as a step in their journey to net-zero. To do this they are buying carbon offsets in the unregulated voluntary carbon market. There are a number of risks with carbon offsets in these markets such as that the scheme doesn’t deliver the anticipated amount of sequestered carbon (e.g. the trees don’t grow as expected), that the captured carbon is lost (e.g. forest fire) or that the purchaser is a victim of fraud and the same carbon credits have been sold to multiple owners. Marsh has developed an insurance programme to address these risks.
Supporting greener outcomes
Improving confidence in the carbon offset market will help the sector grow, resulting in more carbon being sequestered in environmental schemes.
