Gallagher partners with Kita on carbon project risk insights

Gallagher has partnered with carbon insurance provider Kita to launch a risk intelligence consulting service for carbon removal projects.

The offering uses Kita’s analytics to assess project and portfolio risk, giving buyers, sellers, and investors data-driven insights into the likelihood of project success in a fast-growing but largely unregulated voluntary carbon market. The service combines carbon risk modeling with analysis of counterparty financials, deal structures, economic viability, liabilities, and host-country political risk across the project lifecycle.

“This is an industry first and a game changer for the voluntary carbon market. This service will enable effective due diligence for firms to better understand the projects they are buying from or investing in and for project owners to provide effective proof of concept. This new service will sit independently from our carbon insurance services which we already offer working with clients worldwide.” – James Bosley, head of Climate Strategy, Carbon Insurance & Parametric Solutions, Gallagher.

“Gallagher’s brokers and advisory teams worldwide can now provide clients with a fast, data-driven view of project and portfolio risk across the carbon removal industry. Leveraging Kita’s advanced risk analytics, developed through real-world project underwriting, Gallagher will package these reports into a broker-led advisory service providing effective due diligence for corporate buyers and proof of concept for sellers.” – Paul Young, CTO and co-founder at Kita.