The Seller Representative and participating members of the Ecosystem Service Provider Community (“Participating Landholders”) are party to an agreement dated June 1, 2010, concerning the authority of the Seller Representative to represent the Participating Landholders with respect to forest carbon transactions on land under the control of the Participating Landholders.
Participating Landholders wish to undertake land management activities in order to reduce emissions from deforestation and degradation and enhance carbon sequestration in forests under their control (the “Project”).
The Buyer wishes to pay Participating Landholders, via the Seller Representative, for the right to claim credit for emission reductions or additional sequestration generated by the land management activities of Participating Landholders.
Disclaimer: Materials on this site are meant to highlight issues that should be considered in PES transactions, not to provide a substitute for experienced legal counsel. It will be essential to engage legal counsel in conjunction with any PES transaction to ensure that any agreements reflect the latest developments in the field and comply with current local and national legislation.
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