Pioneering Carbon Insurance: CarbonPool Joins UNEP FIT

CarbonPool is pleased to join the United Nations Environment Programme’s Forum for Insurance Transition to Net Zero (FIT), bringing our pioneering in-kind carbon insurance model to a global stage. FIT is a multistakeholder platform led by the UN to scale voluntary climate action across the insurance industry.

CarbonPool will be the first startup to join the FIT and will bring to the FIT our innovative in-kind insurance model, a world-first approach to insuring the net zero transition. FIT organisations include key stakeholders across the insurance industry, including prominent insurers and insurance regulatory and supervisory authorities from around the world, and representatives from the scientific, research and civil society communities.

CarbonPool’s engagement with FIT will span a number of priorities, including tackling the challenges and opportunities to developing insurance solutions that support the net-zero transition. CarbonPool believes that our innovative in-kind insurance approach, a world-first, can serve as a template for other insurance companies seeking to mitigate the largest risks stakeholders face across the voluntary carbon market value chain. We are looking forward to engaging with FIT organisations and the wider global insurance industry on how our insurance solutions provide a crucial unlock for carbon investments, as well a key piece of the infrastructure required to build a more mature carbon market.

Coenraad Vrolijk, CarbonPool co-founder and CEO, shared his thoughts:

“CarbonPool is honored to become a FIT Participant and the first insurance startup to join. We firmly believe that insurance plays a critical role in de-risking climate actions that move us toward net zero. As part of FIT, we will work with UNEP and industry peers to establish a common approach to insuring carbon outcomes and expand access to in-kind carbon insurance globally.”

Butch Bacani, UNEP’s Head of Insurance and FIT Chair, added:

“Scaling net-zero insurance solutions means nurturing ideas and seizing opportunities throughout the insurance value chain—from underwriting and client engagement to financial risk protection and claims management. We’re pleased to welcome CarbonPool to FIT. Their insights will help shape credible and innovative tools to insure carbon markets, nature-based solutions, and climate technologies.”