A startup on the European Space Agency Business Incubation Centre programme at Space Park Leicester has been nominated for a prestigous Earthshot prize.

Kita is a carbon insurance specialist. Their insurance protects buyers of forward-purchased carbon removal credits against under-delivery. This reduces the risk of missing net-zero targets, investment milestones, and project goals.

The startup has been nominated in the ‘Fix Our Climate’ category, which celebrates companies that address the urgent need to reduce greenhouse gas emissions and achieve net-zero carbon by 2050.

The Earthshot prize, launched by Prince William in 2020, aims to incentivise and accelerate solutions to the world’s greatest environmental challenges.

William Wells is the director of ESA BIC UK at Leicester. He said:

“We are thrilled to have Kita as part of our ESA BIC programme and to see their innovative solutions recognised on a global scale. This nomination is a testament to the impact that space technology can have in tackling some of the world’s most pressing environmental challenges.”