Landholders / Prime Carbon's role
Step 1
Upon acceptance of a signed agreement (and in some cases payment of a deposit), institute a Baseline Measurement and data collection process for the allocated land.
Step 2
Arrange or acknowledge, (with the landholder) the initial purchase and application of specified products by the landholder.
Step 3
Upon receipt of independent confirmation of completion of the initial measurement and product application process, issue carbon credit units and list these on the NER and the Prime Carbon register. Provide details of both listings to the landholder.
Step 4
Arrange for or acknowledge and record periodical measurements on the allocated land (around 3 months, 6 months, 12 months and 5 years from the commencement date).
Step 5
Record on the Prime Carbon Register the results from each measurement. (Future developments will allow the landholder to access this register to monitor the results of the process).
Step 6
Arrange for audits to be undertaken to ensure the contract requirements are being met.
Step 7
Field enquiries from the interested parties and arrange to sell the carbon credits based on these enquiries. Update details on the NER and the Prime Carbon Register based on the sale or transfer of the carbon credits.
Step 8
Hold the balance of the funds in trust until receipt of a clear audit report at the end of the contract term (usually 5 years).
Step 9
Disperse the balance of the funds to the landholder and other various parties according to the agreement with the landholder.
Important
Ownership of the carbon credits always rests with the landholder. The landholder grants Prime Carbon rights as a broker of the credits in the agreement it makes with Prime Carbon.