Compliance Statement
Introduction
Green Earth Carbon Solutions LLC ("Green Earth") serves as a representative for sellers of carbon credits, facilitating transactions between buyers and sellers. Our services include overseeing the exchange process, ensuring escrow arrangements, and coordinating the verification and transfer of carbon credits via established registries. In this capacity, Green Earth assists in facilitating the completion of transactions but does not act as a broker or financial intermediary.
Scope of Services
Green Earth provides a range of services to facilitate carbon credit transactions:
- Project Introduction and Verification – We introduce buyers to carbon credit projects and facilitate access to relevant documentation for due diligence.
- Escrow Coordination – We coordinate escrow processes to secure funds until transaction conditions are fulfilled.
- Credit Transfer Facilitation – We manage the credit transfer process through verified registries (e.g., VERRA) once payment and verification criteria are met.
- Issue Resolution – We assist in resolving potential issues, such as non-compliance or shortfalls in credit delivery, in coordination with sellers and buyers.
Regulatory Compliance
Green Earth operates in compliance with applicable laws and standards in the jurisdictions where transactions occur. As a facilitator, Green Earth does not independently verify the emissions reductions or environmental impact of the credits but ensures that transactions align with standards set by recognized frameworks (e.g., VERRA, ICROA, and TSVCM). Buyers and sellers are encouraged to consult their legal advisors regarding the specific compliance and regulatory requirements related to carbon credit transactions.
Due Diligence and Transparency
Green Earth provides buyers with essential project information, including credit serial numbers, project descriptions, and relevant documentation, to support their due diligence efforts. Buyers are responsible for conducting their own independent verification of the credits and ensuring that they meet their specific compliance requirements.
Escrow Management and Payment Security
Green Earth coordinates the establishment of escrow accounts with third-party escrow agents to secure buyer funds until agreed transaction conditions are fulfilled. This process includes:
- Credit Serial Number Review – Buyers have a specified period to review serial numbers and validate the credits prior to finalizing the purchase.
- Escrow Release Conditions – Funds are only released from escrow upon the successful transfer of credits via the designated registry and confirmation from the buyer.
- Refunds and Remedies – In cases where credits cannot be delivered as agreed, the escrow arrangement allows for refunds or replacement credits to be issued.
Limitations of Liability
Green Earth does not guarantee the performance, environmental impact, or market value of the carbon credits. Our role is limited to facilitating the transaction and coordinating escrow and transfer logistics. All liabilities related to the efficacy and compliance of the credits rest with the buyer and seller. Green Earth disclaims any responsibility for losses related to changes in market conditions, regulatory shifts, or the performance of the credits after transfer.
Confidentiality and Data Protection
Green Earth respects the confidentiality of all parties involved in the transaction process. We adhere to data protection laws and ensure that sensitive information is handled responsibly and only disclosed to authorized parties.
Governing Law and Dispute Resolution
Transactions facilitated by Green Earth are governed by the laws of Texas, USA. Any disputes arising from these transactions will be resolved through arbitration under the rules of the International Chamber of Commerce (ICC), with final awards enforceable under the New York Convention.
Amendments
Green Earth reserves the right to modify this Compliance Statement as necessary to reflect changes in business practices or regulatory requirements. We recommend reviewing this document periodically to stay informed of any updates.
Contact Information
For questions regarding our compliance practices or to request additional information, please contact:
Green Earth Carbon Solutions LLC
Austin, Texas 78731-4298
Phone: 512-766-5337
Email:
Acknowledgment
By engaging in transactions facilitated by Green Earth Carbon Solutions LLC, all parties acknowledge and accept the terms and limitations outlined in this Compliance Statement.
Last Update:11-4-24