Gold Standard Launches Insurance Assessment for CORSIA Credits

Gold Standard has announced the launch of a formal process to assess and approve private insurance policies for project developers seeking eligibility of Gold Standard Verified Emission Reductions (GS-VERs) under CORSIA Phase 1 (2024-2026).

• Howden Group appointed to manage the assessment of insurance policies, with evaluations to begin in the coming weeks.
• New rules allow project developers to use ‘Approved Insurance Policies’ to address double counting risk under Article 6 of the Paris Agreement; policies must meet strict quality and credibility criteria.