This is a statement setting out a concise description of the characteristics of Article 6 BidCarbon removal units (Article 6 BRUs).
Article 6 BidCarbon removal units are similar to Certified Emission Reductions (CERs) and are considered 'financial product' in some countries.
This statement is published, and will be kept up-to-date, under section 51 of the Registry Standard.
This statement is general in nature and does not apply to any particular situation, transaction or organisation. It is not legal or financial advice. You should seek your own legal or financial advice with particular reference to your own circumstances and requirements. This statement does not provide specific information or advice concerning, among other things, the detailed characteristics of Article 6 BRUs, or the costs associated with them, their legal status, their taxation treatment and the potential benefits and risks of dealing in them.
Neither the BidCarbon Foundation, nor any of their officers, make any representation as to the future nature, characteristics or performance of Article 6 BRUs. Nor can they provide any specific advice concerning Article 6 BRUs.
Note that any financial product which is related to or associated with a Article 6 BRUs such as a derivative or a managed investment scheme, may require a Product Disclosure Statement to be provided by the person offering or recommending that financial product.