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London Underwriter Becomes First to Insure California Carbon Credits
2013-05-25 10:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California's cap-and-trade program. Parhelion, based in London, will sell insurance for permits originally issued by the Climate Action Reserve, an independent registry in Los Angeles, the companies said in an e-mailed statement today. California holds the buyer responsible for the costs of a project that's invalidated because it didn't produce...
Tags: california
london
credits
carbon
Category:Electronics and Electrical