As all we know, the carbon trading market(especially the VCM), as a market instrument for carbon removal solutions, needs to be expanded urgently in order to attract more carbon removal solution providers and more credits buyers, but the current VCM faces a huge crisis of confidence. Carbon insurance product/service/platform may play a big role and become very critical infrastructure by increasing the credit of sellers and spreading the risk to buyers, but what exactly is the impact of carbon insurance, and will it have a negative impact? Who is better to provide carbon insurance? Is the traditional insurance model the most appropriate and fastest way to go? Not necessarily. There are a series of problems with traditional insurance, such as non-transparency, slow claims settlement, and high insurance costs, which hinder the further development of the carbon insurance market. I believe that my research will contribute to the development of a carbon removal market and lead to more positive climate impacts.