Episode 15 of The Carbon Curve is with Natalia Dorfman, CEO and Co-Founder of Kita
This episode is sponsored by Carbonfuture.
Carbonfuture is an end-to-end platform for companies who want to participate in removing carbon from the atmosphere. Unlike conventional marketplaces, Carbonfuture’s monitoring, reporting, and verification platform solves carbon credit uncertainty for buyers like Microsoft and SwissRe while Carbonfuture’s support helps scale the world’s most promising carbon removal ventures for real climate impact.
After a short pause on new episodes, I’m excited to cover something I’ve been dying to talk about … insurance. Just hear me out.
According to carbon removal purchase tracker CDR.FYI, around 640,000 tons of CO2 removal have been purchased globally, and only 7% of those tons have actually been delivered. Carbon dioxide removal (CDR) is still very much in its infancy
As CDR solutions move from pilot to commercial scale and purchases and deliveries really start to pick up, the market is going to become increasingly complex.
We’ll see more public sector involvement, more private sector buyers, more projects being deployed, and more communities being impacted. We’ll see more successes, but also more failures - and as a result - more risk.
My guest today, Natalia Dorfman, CEO and Co-Founder of Kita, thinks that insurance is critical to unlocking the scale potential of CDR. We talk about what problems innovative new insurance products can solve for buyers and sellers in the CDR market and the limits of insurance in solving some of the more thorny risks associated with scaling up CDR.
In this episode, Na’im and Natalia discuss:
Natalia’s career shift into climate and Kita’s origin story
What Kita plans to cover, and their first insurance product - carbon purchase protection cover
How Kita is developing carbon removal-specific insurance products in a field this nascent
The role insurance can play in the durability or reversibility of carbon storage
Why carbon removal needs robust insurance offerings to successfully scale
Relevant links:
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Na’im Merchant, Founder and Managing Director of Carbon Curve, is an advisor and thought partner to start-ups, policy groups, and research organizations on scaling up climate technologies to meet the monumental challenge of removing billions of tons of CO2 from the atmosphere. Every week, Na’im will release a short interview with individuals advancing bold new ideas and taking a collective action approach to scaling up carbon removal.
Natalia Dorfman, CEO of Kita, on why insurance is key to scaling carbon removal