Section (c.3) Natural Capital Units
Carbon; Soil Carbon
Carbon Uplift
1 ton of Carbon Sequestration
Soil organic carbon stock stored in the top 30 cm of soil.
Automated: Annual; or ad hoc on request
flexible (max of 10 years, annual steps)
Water; Water Holding Capacity
Water Uplift
1m3 of Water Holding Capacity
Volume of water which can be stored in the top 30 cm of soil after excess water has drained away.
Automated: Annual; or ad hoc on request
flexible (max of 10 years, annual steps)
Biodiversity; Ecological Integrity
Preservation
1 km² area of the Earth
1 km² area of land assigned to an ecological integrity score between zero (not intact) and one (fully intact), along with specific values for disturbance, connectivity and indicator species.
Annual; ad hoc on request
TBC
Uplift Units
Uplift units are the digital representation of a measurement of natural capital uplift value pursuant to the methodology described in section (b) and come with the attributes described in section (c.4) (each such unit with such attributes, an “Uplift Unit”).
Each Uplift Unit refers to a NCA (as described in section (c.1)), a specific Land Characteristic and a unique, non-reproducible and standardized portion (the “issuance level”) of the Natural Capital balance recorded over time on the NCA. The provision of continuous updates of the measurement results requires a Landler Service Agreement regarding the Plots contributing to an Uplift Unit to be in place.
The numbers as displayed on the NCA form the base and reference for the generation of Uplift Units.
The Uplift Unit provides its owner with the exclusive rights associated with the measurement results for their own purpose and includes the right to obtain continuous subsequent measurements from the respective NCA as long as the measurement and monitoring fees for the underlying plots are paid.
An Uplift Unit does not incorporate any right or property on the underlying land, any harvests on the underlying land and does not incorporate any rights on land use decisions. Uplift Units are not registered in any way in an official land register.
The Opening Balance as recorded upon locking and activation serves as the basis for Uplift Unit generation, also referred to as the initial High-Water Mark. Recorded measurements that represent an improvement of the NCA balance in accordance with the threshold (denomination) of the respective Uplift Unit type accordingly increase the High-Water Mark of the NCA. A new Uplift Unit is generated whenever a new High-Water Mark is set.
Uplift Units have a fixed duration. The duration is set by the Land Steward and must be agreed upon between Buyer and Land Steward in a contract (Nature Equity Asset Purchase Agreement). The duration can be set from 1 year up to no more than 10 years in the current version of Landler (in 1-year steps). The expiry date is then set in annual (365 days) steps starting with the issuance date. Uplift Units expire at the end of the set duration.
After expiry of an Uplift Unit, all other existing Uplift Units derived from the originating NCA are adjusted (starting with the oldest Uplift Unit adjusting to the lowest available issuance level), eventually resulting in the creation of a new Uplift Unit if the NCA and the High-Water Mark balance justify such issuance.
Uplift Units can be assigned (transferred) from one customer to another using the custody functions provided for in Landler, it will only be possible to select the sponsoring and contracting partner as a new owner of an Uplift Unit.
Each Uplift Unit includes a complete measurement and transaction history, which can be viewed in the Uplift Unit position detail on the Nature Equity Account.
Inquiries on recorded measurements, newly generated Uplift Units, missing Uplift Units, ownership changes in Uplift Units or adjustments made to Uplift Units shall be addressed to info@landler.io.
Preservation Units
Preservation units are contractual claims to a measurement result provided by TLG. Preservation units are the digital representation of such measurement of ecological integrity value pursuant to a bespoke methodology developed by TLG with science and best in-class practitioners (as described in section (b)).
TLG assesses the ecological integrity of any 1 km² area of the Earth annually, which we refer to as a "Preservation Unit." Each preservation unit is assigned an ecological integrity score between zero (not intact) and one (fully intact), along with specific values for disturbance, connectivity and indicator species.
Preservation units of varying integrity (i.e. 0.8 or 0.6) can be sold as Nature Equity Assets.
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