Aon and Revalue Nature to Accelerate Global Decarbonization Efforts

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The collaboration will scale the event of high-integrity, nature-based carbon credit to meet rising demand

NEW YORK, Sept. 20, 2022 /PRNewswire/ — Aon plc (NYSE: AON), a number one world skilled providers agency, and Revalue Nature Ltd., a next-generation developer of nature-based options, at the moment introduced they may work collectively to assist speed up the deployment of nature-based options and to scale back related dangers related to carbon offset transactions. This collaboration goals to encourage innovation in insurance for nature-based options and assist ship local weather mitigation advantages, enhance biodiversity and profit native 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,” mentioned Natalia Moudrak, local weather resiliency chief for Aon’s Public Sector Partnership.

Global voluntary carbon markets, the place carbon credit that characterize licensed removals or reductions of greenhouse gases within the environment are purchased and offered, proceed to develop, pushed by public and personal sector commitments to web zero objectives. Voluntary market carbon credit score gross sales totaled $2 billion in 2021 and are projected to attain $50 billion by 2030, in accordance to the Institute of International Finance.

Revalue Nature designs and develops nature-based tasks globally, defending and regenerating forests, mangroves and different pure belongings to produce future carbon credit and meet growing demand. Aon is collaborating with Revalue Nature to assist appeal to potential buyers to these alternatives and to provide modern insurance options to tasks and their stakeholders to support in de-risking these belongings from injury and destruction due to pure perils and different pertinent dangers. Through innovation in insurance, Aon goals to unlock better entry to capital for nature-based options, serving to 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,” mentioned 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 will not be presently regulated by governments and carbon challenge builders, communities, consumers, sellers, lenders, buyers and numerous intermediaries could be uncovered to a myriad of dangers. The carbon credit from Revalue Nature might be generated via nature-based conservation and restoration tasks spanning Africa, Latin America and Asia-Pacific. These tasks are anticipated to be verified to meet and exceed the very best voluntary carbon requirements. Layering insurance safety can work to assist scale back funding danger and sign larger high quality of tasks.

“As the demand for high-quality carbon credits increases, there is an underserved market that requires both risk management and financing solutions,” mentioned 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 a part of Aon’s broader strategy to delivering significant local weather capabilities via innovation, analytics and matching capital to danger to assist shoppers drive progress, speed up their transition to net-zero objectives, construct bodily resilience and navigate the dangers and liabilities related to financial and regulatory change. More details about Aon’s strategy to serving to shoppers scale back danger in carbon offset transactions is offered right here.

About Aon

Aon plc (NYSE: AON) exists to form choices for the higher — to shield and enrich the lives of individuals all over the world. Our colleagues present our shoppers in over 120 nations with recommendation and options that give them the readability and confidence to make higher choices to shield and develop their business. 

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About Revalue Nature

Revalue Nature is a next-generation developer of nature-based options with a mission to make ecosystems operate at scale. Revalue combines its growth platform, which streamlines, codifies, and automates growth levels to guarantee high quality at scale, with a world-class carbon workforce that places integrity first, second, and third. Revalue works in deep partnerships with a number of the main challenge operators throughout the tropical belt.

Find extra about Revalue Nature right here.

Media Contacts

Aon

[email protected]

Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114

International: +1 312 381 3024

Revalue Nature Ltd.

[email protected]

All descriptions, summaries or highlights of protection are for common informational functions solely and don’t amend, alter or modify the precise phrases or situations of any insurance coverage. Coverage is ruled solely by the phrases and situations of the related coverage. Insurance merchandise and providers provided 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 associates.

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.

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