The goal of this program is to assist US, UK, and EU organizations in controlling the growing risks associated with carbon credit certificate fraud.

The rising problem of carbon credit theft prompted the development of the new plant. Carbon credits are used by businesses to offset their carbon dioxide emissions, but scammers are now targeting this sector. By taking advantage of the market's lack of uniformity and openness, these criminals offer phony carbon credit certificates or certifications for projects that never existed.

Marsh uses its standing as a leading insurance broker to give companies insurance protection against theft, the selling of fictitious project certificates, and the acquisition of fake certificates.

We2Sure's CarbonActuator technology, which detects duplicate and fake certificates, improves the facility. Its AI and satellite technologies also keep an eye on projects in real time to make sure they adhere to requirements and accurately represent the worth of the certifications granted.

This facility promotes the integrity and expansion of the carbon credit market in addition to reducing the risk of financial and reputational harm to investors. It gives companies access to cutting-edge technology for confirming the legitimacy of carbon credit certificates prior to purchase.

Rupert Poland, UK digital asset leader at Marsh, spoke about the launch and emphasized the strategic value of carbon credits for companies striving for net zero goals as well as the fraud vulnerability they present. We2Sure's data-backed verification approach, which significantly lowers reputational risks and turns intangible assets into tangible, investable commodities, was highlighted by Simon Wigzell, head of business development and underwriting.