Carbon asset infrastructure company 1089 Inc. has partnered with Price Forbes and Oka to launch a carbon asset insurance framework for the transportation and energy sectors.
The framework aims to bring institutional safeguards, rigorous financial architecture and verifiable data integrity to the carbon market.
It provides explicit risk insurance for 1089’s CX89 Advanced Fuels carbon assets, underwritten by Lloyd’s Syndicate 1922 and backed by Price Forbes and Oka.
The program introduces institutional-grade protection designed to prevent performance loss caused by credit degradation between packaging and minting.
By integrating embedded insurance, registration oversight and immutable accounting, the framework enables organizations to address fuel-related operational emissions across the supply chain and translate market demand into financial incentives that support scaled low-emission fuel production.
CX89 Advanced Fuels Carbon Assets address Scope 1-3 emissions in oil and gas, data centers, manufacturing, electric vehicle charging and power generation, and aviation, automotive, marine and rail distribution.
Luke Hanley, founder and CEO of 1089 Inc., said: “The future of carbon markets is not built on environmental penance. It is built on structured participation that combines financial incentives with decarbonization outcomes.
“Given the complexity of global carbon markets, it is more practical to finance carbon than the other way around.”
Oka founder and CEO Chris Slater added: “Voluntary carbon markets have previously lacked the financial infrastructure required by institutional capital. By embedding clear failure risk insurance directly into assets, we are introducing certainty and balance sheet strength where it matters most. This represents a decisive step towards establishing carbon as an investable, insurable asset class.”
Spenser Lee, chief brokerage officer at Price Forbes, said: “By ensuring Lloyd’s has the ability to embed lapse insurance, we create a transparent risk transfer framework that enhances liquidity and investor confidence. This disciplined brokerage approach will be required as the carbon market matures.”
