Sophie Chapman lead an effort to explore a novel legal framework for forest carbon credits
that separates carbon tenure (i.e. title and associated property rights to the
land and trees which store the carbon) from the carbon rights (i.e. title and
associated rights to monetise and manage the credits which
symbolically represent the carbon stored in the trees), while also specifying
the relationship between the carbon tenure and the carbon rights.
The resulting paper has just been published in the Climate
and Carbon Law Review journal, and is available as open access for your perusal.