This website was developed based on information known at the time of publishing and is intended general information only. This website is not intended as an offer document and should not be construed as an offer for investment of any kind. Prime Carbon reserves the right to change any information contained in the website at any time and without notice. You should seek independent legal and financial advice before making any decision with respect the purchase, generation or sale of carbon credit units. In particular the following should be noted:
- Carbon credits are assessed and allocated by Prime Carbon under its Agreement with Landholders in accordance with a protocol developed by Prime Carbon that provides accounting measures for the assessment of carbon sequestration on agricultural land and abatement of greenhouse gases emitted from agricultural production as contemplated under Article 3.4 of the Kyoto Protocol;
- There has not been international agreement on standardised accounting measures for assessment of carbon sequestration on agricultural land and abatement of greenhouse gases emitted from agricultural production under article 3.4 of the Kyoto Protocol;
- The Australian Commonwealth Government is in the process of implementing various policies and legislative instruments which deal in one form or another with Soil Carbon credits. These include elements noted within the proposed CPRS and release of Draft Standards for Voluntary Carbon Markets. Whilst Prime Carbon believes on reasonable grounds that it's methodolgy for the generation and conformation of carbon credit units fits within the parameters anticipated in these documents, Prime Carbon makes no warranty that this will be the case. Any market for the credit units is a voluntary market that operates outside the current Australian Government policy framework.
- The Landholder relies on its own investigation of the marketability and value of the carbon credits and does not rely on any comments, advices or representations of Prime Carbon in relation to the possible marketability or value of the carbon credits;
- Whilst Prime Carbon believes on reasonable grounds that the protocol it has developed and adopted for the assessment of carbon credit units is sound and within the framework contemplated by Article 3.4 of the Kyoto Protocol and that protocol is acceptable to the NER for the purposes of registering carbon credits issued by Prime Carbon with the NER, Prime Carbon makes no warranty that the carbon credits will be accepted for noting or registration on the NER as Environmental Product Units with either "pending" or "active" status.
- The Landholder bears the risk that carbon credits assessed and allocated by Prime Carbon under this Agreement are not accepted for noting or registration on the NER for either “pending” or “active” status either now or at some point in the future.