Legal due diligence for BioCF projects. The World Bank, Washington, DC February 5th, 2008 Monica T. Restrepo Counsel, Legal Department. Nature of Land Use, Land Use Change and Forestry (LULUCF) Projects. Carbon credits – Removal and storage of carbon from the atmosphere into forests.
The World Bank,
February 5th, 2008
Monica T. Restrepo
Counsel, Legal Department
1. Legal Ownership of Carbon
2. Legal Rights and Interests in the Land where the Carbon is stored.
4. Forestry Rights and Ownership of the Timber
-Covenants regarding maintenance of carbon pools (not to allow cutting of trees except for sustainable forestry practices).