While the Indians aggressively pushed for REDD + + in negotiations and the Americans argued for an even broader
approach to
land use - based emissions including the recognition
of carbon absorbed by all
land use change, African negotiators took a
softer approach — pushing for REDD, but willing to take a rain check on AFOLU, even as the Common Market for Eastern and Southern Africa (COMESA) was promoting its «BioCarbon» initiative, which explicitly endorses credits from sustainable agriculture and forestry.
The property policy must provide a property limit equal to: (a) the cost
approach to valuation as provided by the appraisal as defined in Part II
of this Commitment less
land and approved
soft costs, or (b) the outstanding balance
of the note, whichever is less.