What if the project developer goes out of business?
If the original project developer (such as Arbonics) goes out of business, a new project developer can take over the project ownership.
If faced with this situation, Arbonics would first consult with participating landowners and then find a suitable project developer to take over the project.
Given that the Verra registry includes over 1800+ unique projects, we believe that finding someone to take over an existing project would be very viable.
In the unlikely case that there is no other project developer willing to take over, the landowners involved in the project would have the opportunity to become the project developer themselves (either jointly or by choosing one amongst them to take on the role).
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