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Uniserve first to offer new-look carbon credits

[ July 1, 2024   //   ]

Logistics and trade management provider Uniserve has become the first company to buy Mere Plantations W&I insured carbon credits.  

Mere Plantations announced the placement of the world’s first Carbon Credits insurance policy in June, brokered by  insurance intermediary Howden, and Climate Law.

The policy significantly increases the integrity and value of the carbon credits as Mere can demonstrate to buyers that their credits have met the highest levels of environmental, social and financial diligence, and that all claims made regarding the project’s provenance and impact are financially insured.

Mere Plantations owns and manages over 4,000 hectares of previously degraded forestland in Ghana that has been transformed into a flourishing plantation of more than three million teak trees and delivers hardwood products to industries including yachting. From 2024 the company is releasing 3.2m carbon credits to the voluntary carbon market over a 20-year project period based on carbon absorbed at the plantation, backed by a first-of-its-kind insurance policy.

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