Aon and Revalue Nature to Accelerate Global Decarbonization Efforts

Rhea-AI Summary

Aon and Revalue Nature have partnered to advance nature-based carbon credits, addressing growing demand amid the expanding voluntary carbon market. This collaboration aims to enhance innovation in insurance linked to carbon offset transactions, support biodiversity, and provide climate mitigation benefits. The voluntary market for carbon credits reached $2 billion in 2021 and is projected to hit $50 billion by 2030. Aon's involvement seeks to attract investors and offer risk management solutions to ensure the integrity and success of these projects globally.

Positive

• Collaboration with Revalue Nature to enhance nature-based carbon credit projects.
• Access to a rapidly growing voluntary carbon market projected to reach $50 billion by 2030.
• Innovative insurance solutions aimed at de-risking carbon offset investments.

Negative

• None.

The collaboration will scale the development of high-integrity, nature-based carbon credits to meet growing demand

NEW YORK, Sept. 20, 2022 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, and Revalue Nature Ltd., a next-generation developer of nature-based solutions, today announced they will work together to help accelerate the deployment of nature-based solutions and to reduce relevant risks associated with carbon offset transactions. This collaboration aims to encourage innovation in insurance for nature-based solutions and help deliver climate mitigation benefits, improve biodiversity and benefit local communities, in alignment with the Paris Agreement.

"The voluntary carbon market is rapidly expanding and represents a significant opportunity to drive environmental and social impacts on the climate transition through collaborative solutions – no one can transition alone," said Natalia Moudrak, climate resiliency leader for Aon's Public Sector Partnership.

Global voluntary carbon markets, where carbon credits that represent certified removals or reductions of greenhouse gases in the atmosphere are bought and sold, continue to grow, driven by public and private sector commitments to net zero goals. Voluntary market carbon credit sales totaled $2 billion in 2021 and are projected to reach $50 billion by 2030, according to the Institute of International Finance.

Revalue Nature designs and develops nature-based projects globally, protecting and regenerating forests, mangroves and other natural assets to produce future carbon credits and meet increasing demand. Aon is collaborating with Revalue Nature to help attract potential investors to these opportunities and to offer innovative insurance solutions to projects and their stakeholders to aid in de-risking these assets from damage and destruction due to natural perils and other pertinent risks. Through innovation in insurance, Aon aims to unlock greater access to capital for nature-based solutions, helping advance the integrity of voluntary carbon markets.

"The climate and nature crisis requires nature-based solutions to be developed at a level of integrity and at a scale well beyond what is being achieved today," said Stuart Rowland, founder and CEO of Revalue Nature. "Revalue is targeting that new level of scale and integrity by combining our platform, designed to streamline and scale project development, with a world-class carbon team. We see Aon as real innovators in the risk transfer solutions space, and this collaboration as a critical part of developing the next generation of nature-based projects."

Voluntary carbon markets are not presently regulated by governments and carbon project developers, communities, buyers, sellers, lenders, investors and various intermediaries can be exposed to a myriad of risks. The carbon credits from Revalue Nature will be generated through nature-based conservation and restoration projects spanning Africa, Latin America and Asia-Pacific. These projects are expected to be verified to meet and exceed the highest voluntary carbon standards. Layering insurance protection can work to help reduce investment risk and signal higher quality of projects.

"As the demand for high-quality carbon credits increases, there is an underserved market that requires both risk management and financing solutions," said Joe Monaghan, CEO for Aon's Public Sector Partnership. "Our market insights, analytics and risk transfer solutions, coupled with Revalue Nature's nature-based carbon projects and climate expertise, can help enable organizations to make better decisions as they work toward net-zero transition."

This collaboration is part of Aon's broader approach to delivering meaningful climate capabilities through innovation, analytics and matching capital to risk to help clients drive growth, accelerate their transition to net-zero goals, build physical resilience and navigate the risks and liabilities associated with economic and regulatory change. More information about Aon's approach to helping clients reduce risk in carbon offset transactions is available here.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. 

Follow Aon on Twitter and LinkedIn. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.

About Revalue Nature
Revalue Nature is a next-generation developer of nature-based solutions with a mission to make ecosystems function at scale. Revalue combines its development platform, which streamlines, codifies, and automates development stages to ensure quality at scale, with a world-class carbon team that puts integrity first, second, and third. Revalue works in deep partnerships with some of the leading project operators across the tropical belt.

Find more about Revalue Nature here.

Media Contacts

Aon
mediainquiries@aon.com
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024

Revalue Nature Ltd.
info@revalue.earth

All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy. Insurance products and services offered by Aon Risk Insurance Services West, Inc., Aon Risk Services Central, Inc., Aon Risk Services Northeast, Inc., Aon Risk Services Southwest, Inc., and Aon Risk Services, Inc. of Florida and their licensed affiliates.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/aon-and-revalue-nature-to-accelerate-global-decarbonization-efforts-301628332.html

SOURCE Aon plc

FAQ

What is the significance of Aon's partnership with Revalue Nature?

Aon's partnership with Revalue Nature aims to accelerate the development of nature-based carbon credits and innovate insurance solutions to mitigate risks in carbon offset transactions.

How much did the voluntary carbon market generate in 2021?

The voluntary carbon market generated $2 billion in 2021.

What is the projected value of the voluntary carbon market by 2030?

The voluntary carbon market is projected to reach $50 billion by 2030.

How does Aon plan to de-risk carbon offset investments?

Aon plans to de-risk carbon offset investments by offering innovative insurance solutions that protect against environmental risks.

What are the expected benefits of Aon's collaboration with Revalue Nature?

The collaboration is expected to enhance climate mitigation, improve biodiversity, and create investment opportunities in high-quality carbon credits.