1089 Inc., a carbon asset infrastructure company, has collaborated with Price Forbes and Oka to introduce a carbon asset insurance framework for the transportation and energy sectors.
The framework is designed to bring institutional safeguards, disciplined financial architecture, and verifiable data integrity to carbon markets.
It offers defined risk coverage for 1089’s CX89 Advanced Fuels Carbon Assets, underwritten by Lloyd’s Syndicate 1922 and placed with the support of Price Forbes and Oka.
The programme introduces institutional-grade protection aimed at preventing performance losses arising from credit degradation between wrapping and minting.
By integrating embedded insurance, registry oversight, and immutable accounting, the framework enables organisations to address fuels-linked operational emissions across supply chains and convert market demand into financial incentives that support scaled low-emission fuel production.
CX89 Advanced Fuels Carbon Assets address Scope 1–3 emissions across oil and gas, data centres, manufacturing, EV charging, and power generation, as well as distribution across aviation, automotive, maritime and rail.
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 aligns financial incentives with decarbonisation outcomes.
“Given the complexity of global carbon markets, it’s more practical to bring finance to carbon than the inverse.”
Chris Slater, Founder and CEO of Oka, added, “Voluntary carbon markets have previously lacked the financial infrastructure required for institutional capital. By embedding defined invalidation risk coverage directly into the asset, we introduce certainty and balance sheet strength where it matters most. This represents a decisive step toward establishing carbon as an investable, insurable asset class.”
Spenser Lee, Chief Brokering Officer of Price Forbes, said, “By securing Lloyd’s capacity for embedded invalidation coverage, we’ve created transparent risk-transfer framework enhancing liquidity and investor confidence. This is the kind of disciplined brokering approach that will be required as carbon markets mature.”
