Carbon Credits and Green Investments
Note: This service covers similar topics to Service #383 but focuses on the aspects of carbon credit creation, certification, and investment.
A carbon credit is a financial instrument representing the removal or avoidance of 1 ton of CO2 (or equivalent) from the atmosphere. In Georgia, afforestation, renewable energy, and energy efficiency projects have the potential to generate carbon credits. However, for a credit to be valid, it must be certified under international standards (e.g., Verified Carbon Standard - VCS). Legal support is crucial for project developers to register the project, sign agreements with landowners (e.g., in case of forestry), and ensure the transfer of carbon credit ownership to the buyer.
This service is designed for green project developers and investors. We will help you manage the legal lifecycle of carbon credit generation.
What Does the Carbon Credits Service Cover?
Experts on Legal.ge offer:
- Legal Assessment of Project Design: Project compliance with local environmental legislation and international methodologies.
- Protection of Property Rights: Legal formalization of the origin and transfer of ownership rights to carbon credits.
- Investment Agreements: Regulating the relationship between the investor and project developer regarding credit distribution.
- Certification Support: Communication with international auditors and registrars.
Common Real-World Scenarios
Cases:
- Forestry Project: An investor wants to plant a forest for carbon credits, but the land lease agreement does not cover Carbon Rights.
- Double Counting: A company sold a credit that was already accounted for in national reporting, causing an international scandal.
Legal Framework
Regulated by the Civil Code of Georgia and international standards (VCS, Gold Standard).
Service Process
Design, certification, transaction.
Why Legal.ge?
We help you capitalize on green projects.
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