Howden launched the world’s first carbon credit invalidation insurance product for the voluntary carbon market, to help build confidence in a market that is predicted to grow to $50bn by 2030 as the global demand for voluntary carbon credits increases in order to keep net zero targets on track. For the cities and countries building resilience strategies to adapt to a more volatile world – insurance can remove barriers and accelerate progress. This year, we announced a partnership with Resilient Cities Network to second insurance professionals into city leadership offices to work together on innovative ways of tackling resilience challenges. For the humanitarian organisations facing ever-increasing funding crises, insurance can be used to smooth volatility by pre-financing disasters. From the world’s first volcano catastrophe bond in 2021, we’ve started scaling this model by supporting another seven projects in Asia, Africa, the Americas and the Pacific, protecting coastal and farming communities against events like tropical cyclones, floods and volcanic eruptions, whilst, in many cases, also protecting the environment and improving biodiversity.