10
In forceEntering into carbon covenants
Part 3Carbon covenants
10 Entering into carbon covenants
(1)
The proprietor of a carbon right may, in relation to any matter that affects or might affect carbon sequestration or carbon release occurring in relation to the affected land, enter into a covenant with one or more persons who have an interest in land.
(2)
The covenant can be for a right, obligation (which can include a positive covenant) or restriction in relation to land.
(3)
The persons’ interests in land referred to in subsection (1) need not be in respect of the same land.
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