Section (c.2) Locking and Activation of a Natural Capital Account
Natural Capital Accounts (”NCA”) comprise the documentation of all auditable, digital data, measurement results as well as timelines regarding the Land Characteristics of the plot on Landler. If a Plot is designated for the generation of NCUs it must comply with the following:
a Landler Service Agreement with TLG regarding this plot must be in place;
the KYC and proof of Land Stewardship process must be completed.
Once these conditions are met a Plot or a group of Plots can be locked and activated. With the lock and activation of an NCA or a group of plots, the Opening Balance per plot is saved and serves as the basis to calculate potential NCUs.
Any aggregation or group of plots that is subject to a NEAPA cannot be changed without consent of contractual counterparties of the Land Steward in the NEAPA. Unforced changes may be rejected. All changes including forced changes (i.e. deletion of a plot due to change of ownership or other right to use or work a Plot, such as a change to or the termination of a tenancy agreement) may additionally result in a termination of affected NEAPA as provided therein.
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