This Resolution sets out the rules for an authorised operator to conduct transactions with carbon credits through the reserve account. Carbon credits shall be credited to the reserve account upon issuance into circulation and, where required, in climate projects involving a risk of greenhouse gas release. Carbon credits held in the reserve account cannot be sold, pledged, encumbered, or seized. Carbon credits may be moved from the reserve account only after a report on the implementation of climate projects containing verified results of emissions reductions and project performance.
This reserve account safeguards climate projects with reversal risks, such as for carbon capture and storage. The rules will be in effect from 1 March 2027 to 1 March 2033, a period of six years.
