Implementing Finance & Insurance Standards for the U.S. Forestry Carbon Market
What benefits would U.S. forest carbon participants derive from the adaptation and implementation of finance and insurance standards? In addition, what is being discussed with regards to compliance standards in Washington, DC? A recent webinar hosted by 2degrees explores these issues more thoroughly than any forum to date.
What benefits would U.S. forest carbon participants derive from the adaptation and implementation of finance and insurance standards? In addition, what is being discussed with regards to compliance standards in Washington, DC? A recent webinar hosted by 2degrees explores these issues more thoroughly than any forum to date.
9 July 2010 | Gabriel Thoumi (Forest Carbon Offsets LLC), Augustus Kent (CO2RS), and Colm Fay (Erb Institute, University of Michigan) sat down on June 29, 2010, to discuss how forest carbon in the US is maturing in terms of finance and insurance standards and how the adoption of these standards can change the face of risk management for forest carbon projects and assets.
The hour-long discussion is broken down into 12 segments:
- Part 1: Introductions
- Part 2: Conservation finance as framework for discussion
- Part 3: Characterizing risk, and the current state of risk management for registries and projects
- Part 4: The need for structure and how to increase investor confidence
- Part 5: How risks of non-permanence are managed including insurance and buffer pool options
- Part 6: Recap of presentation and conclusions
- Part 7: Q&A – How important is this discussion in terms of preparing for compliance adoption?
- Part 8: Q&A – What insurance products are currently available for forest projects, and what are the costs and contractual obligations to expect?
- Part 9: Q&A – What are the relevant data sources for risks to permanence in the forest sector?
- Part 10: Q&A – What is the current demand for re-emission insurance in the forest sector as compared to the use of buffer pools?
- Part 11: Q&A – Are the standards sufficient for mitigating risks in the grander scheme of using market mechanisms to address climate change risks?
- Part 12: Q&A – What happens if projects from particularly countries cannot secure insurance? How do insurance companies cover projects slated for more than 40 years?
Watch the videos below for more insight on these issues from leading experts in the field of forest carbon finance.
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